CFR > Title 31 - Money and Finance: Treasury > SUBTITLE B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY (parts 501 to 598) > PART 537—BURMESE SANCTIONS REGULATIONS > SUBPART E—Licenses, Authorizations and Statements of Licensing Policy (§537.501 to §537.527) > 537.519—Activities undertaken pursuant to certain pre-May 21, 1997 agreements.

537.519—Activities undertaken pursuant to certain pre-May 21, 1997 agreements.

Except as prohibited by § 537.203, U.S. persons are authorized to engage in any activity, or any transaction incident to an activity, undertaken pursuant to an agreement entered into prior to 12:01 a.m., eastern daylight time, on May 21, 1997, or pursuant to the exercise of rights under such an agreement, provided that the parties to the agreement include:
(a) The Government of Burma or a nongovernmental entity in Burma, and
(b) An entity organized under the laws of a foreign state.

Code of Federal Regulations

Code of Federal Regulations 172
Note to § 537.519 : The authorization contained in § 537.519 pertains to pre-May 21, 1997 contracts between foreign business entities and either the Government of Burma or a nongovernmental entity in Burma. Pre-May 21, 1997 contracts between U.S. persons and the Government of Burma or a nongovernmental entity in Burma are exempt from all prohibitions contained in this part except those contained in § 537.203 . See § 537.210 (exemptions).