USA Corporate lawyer for entity blocked due to OFAC sanctions
Budget: $30 – $250 USD
Good afternoon!
Our company FANKS PROJECT CO. is looking for a lawyer who has good knowledge in American corporate law to resolve the following situation connected to the company.
Previously our company was established and owned by Russian residents. At the beginning of June 2022 the company was sold to a US resident. Purchase and sale contracts between the previous and the new owner were signed, as well as share transfer forms. After all the documents were sighed we tried to update information about the new owner of the Company to our registered agent – CSC.
Recently (on the 12th of July) a previous owner of the company received a letter from the company's registered agent. It was stated that CSC is not accepting any requests for updates because the Delaware Secretary of State has blocked the entity (Delaware took this step in response to recent OFAC action) and will not allow any transactions to occur.
Also CSC plans to resign as the registered agent for our company due to the same fact that on May 8, 2022 The US Department of the Treasury Office of Foreign Assets Control (OFAC) issued sanctions which prohibit corporate formation service providers from providing entity formation, registered agent or compliance services to Russian persons including a citizen or national of the Russian Federation or an entity organized under the laws of the Russian Federation.
We need an expert to help with the following:
1. What actions shall we take to complete the purchase and sale of the company taking into account that our company is blocked due to the sanctions
2. What does it mean that the Company is blocked? What are the consequences of such blocking?
Thanks!
Our company FANKS PROJECT CO. is looking for a lawyer who has good knowledge in American corporate law to resolve the following situation connected to the company.
Previously our company was established and owned by Russian residents. At the beginning of June 2022 the company was sold to a US resident. Purchase and sale contracts between the previous and the new owner were signed, as well as share transfer forms. After all the documents were sighed we tried to update information about the new owner of the Company to our registered agent – CSC.
Recently (on the 12th of July) a previous owner of the company received a letter from the company's registered agent. It was stated that CSC is not accepting any requests for updates because the Delaware Secretary of State has blocked the entity (Delaware took this step in response to recent OFAC action) and will not allow any transactions to occur.
Also CSC plans to resign as the registered agent for our company due to the same fact that on May 8, 2022 The US Department of the Treasury Office of Foreign Assets Control (OFAC) issued sanctions which prohibit corporate formation service providers from providing entity formation, registered agent or compliance services to Russian persons including a citizen or national of the Russian Federation or an entity organized under the laws of the Russian Federation.
We need an expert to help with the following:
1. What actions shall we take to complete the purchase and sale of the company taking into account that our company is blocked due to the sanctions
2. What does it mean that the Company is blocked? What are the consequences of such blocking?
Thanks!