OFAC Removes Arent Fox Client from SDN Sanctions List
As a result, Mr. Rautenbach and Ridgepoint can once again conduct business with US citizens and anyone subject to US jurisdiction. Arent Fox International Arbitration & Dispute Resolution partner Ambassador Pierre-Richard Prosper represented Mr. Rautenbach and Ridgepoint in the matter.
“We are pleased that OFAC recognized Mr. Rautenbach should not be included on their sanctions list,” said Amb. Prosper. “This has been a long administrative process. We are thankful that we were able to engage in a constructive exchange with OFAC and share information that allowed it to come to the correct conclusion in determining that our client does not meet the criteria for the SDN designation.”
Amb. Prosper’s practice focuses on international government relations and trade mediation, internal assessments, and investigations on behalf of government entities and companies. Before joining Arent Fox, Amb. Prosper was the US Ambassador-at-Large in charge of the Secretary of State’s Office of War Crimes Issues. Prior to that, he served as a war crimes prosecutor for the UN International Criminal Tribunal for Rwanda from 1996 to 1998, and he is a former state and federal prosecutor. Through his public service and legal career, he has been involved in developing policies to confront terrorism, and he prosecuted the first-ever case of genocide under the 1948 Genocide Convention.
Arent Fox is a “go to” firm in the area of international arbitration for its work representing foreign sovereigns, contracting parties, and investors in cross-border disputes. Our lawyers have significant experience in state-to-state disputes, investor-state arbitration, and international commercial arbitration involving bilateral investment treaties, free trade agreements, multilateral and regional regimes, and private contracts. The firm regularly advises clients — both sovereigns and private entities — on international investment and trade issues, and conduct arbitrations across major industries, including energy, reinsurance, agriculture, intellectual property, telecommunications, and infrastructure.