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ARTICLE · 14 MARCH 2011

Executive Order Blocks Certain Transactions Involving The Libyan Government

Drinker Biddle & Reath LLP
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On February 25, 2011, President Obama issued an executive order (the order) sanctioning the Government of Libya for its use of extreme tactics in suppressing the people of Libya and for possible misappropriation of funds.

United StatesInternational Law
Joan Koenig
Joan Koenig
Nicolas Guzman
Nicolas Guzman

On February 25, 2011, President Obama issued an executive order (the order) sanctioning the Government of Libya for its use of extreme tactics in suppressing the people of Libya and for possible misappropriation of funds. The order blocks all U.S. Persons (U.S. Citizens, permanent residents, entities organized in the United States, or any person in the United States) from transactions involving the property or property interests of the following persons or entities:

  1. The Government of Libya, its agencies, instrumentalities, and controlled entities, including the Central Bank of Libya;
  2. Colonel Muammar Qadhafi, some of his family members, and certain enumerated officials; and

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