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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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<p>On May 5, 2022, the Treasury Department&rsquo;s Office of Foreign Assets Control (OFAC) issued much anticipated Russia-related <a href="https://home.treasury.gov/system/files/126/russia_gl31.pdf" target="_blank" rel="noopener">general license (GL) 31</a>, &ldquo;Authorizing Certain Transactions Related to Patents, Trademarks, and Copyrights.&rdquo; GL 31 authorizes certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR Part 587 (&ldquo;RuHSR&rdquo;) with respect to intellectual property. Specifically, GL 31 authorizes transactions in connection with &ldquo;patent, trademark, copyright or other form of intellectual property protection (collectively, the &ldquo;IP Protection&rdquo;)&rdquo;:</p>
<ol>
<li>Filing and prosecution of applications to obtain IP Protection;</li>
<li>Receipt of IP Protection;</li>
<li>Renewal or maintenance of IP Protection; and</li>
<li>Filing and prosecution of any opposition or infringement proceeding with respect to IP Protection or defense to any such proceeding.</li>
</ol>
<p>GL 31 does not authorize: (1) opening or maintaining correspondent or payable through accounts (CAPTA) for entities subject to Directive 2 of Executive Order 14024; (2) debits on the books of U.S. financial institutions of the Central Bank of Russia, National Wealth Fund of Russia or the Ministry of Finance of Russia; and (3) transactions prohibited by Executive Orders (EO) 14066 (March 8, 2022) and 14068 (March 11, 2022). Relevant transactions prohibited by EOs 14066 and 14068, among others, include any and all new investments in Russia and facilitation of any transaction by a foreign person where that transaction, if performed by a U.S. person, would be prohibited.</p>

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OFAC Issues General License Related to Patents, Trademarks and Copyrights in Russia