Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
In major shift, Trump to allow lawsuits against foreign firms in Cuba
Source: Reuters
WORLD NEWS APRIL 16, 2019 / 1:30 PM / UPDATED AN HOUR AGO
In major shift, Trump to allow lawsuits against foreign firms in Cuba
Matt Spetalnick, Sarah Marsh
6 MIN READ
WASHINGTON/HAVANA (Reuters) - The Trump administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties confiscated by Communist-ruled Cuba since Fidel Castro’s revolution six decades ago, a senior U.S. official said on Tuesday.
The major policy shift, which will be announced on Wednesday, could expose U.S., European and Canadian companies to legal action and deal a blow to Cuba’s efforts to attract more foreign investment. It is also another sign of Washington’s efforts to punish Havana over its support for Venezuela’s socialist president, Nicolas Maduro.
President Donald Trump’s national security adviser, John Bolton, will explain on Wednesday the administration’s decision in a speech in Miami and announce new sanctions on Cuba, Venezuela and Nicaragua, countries he has branded a “troika of tyranny,” the official said, speaking on condition of anonymity.
It is unclear, however, whether such property claims will be acceptable in U.S. courts. The European Union has already warned it could lodge a challenge with the World Trade Organization.
“The extraterritorial application of the U.S. embargo is illegal, contrary to international law and I also consider it immoral,” EU ambassador to Cuba Alberto Navarro said in Havana.
-snip-
In major shift, Trump to allow lawsuits against foreign firms in Cuba
Matt Spetalnick, Sarah Marsh
6 MIN READ
WASHINGTON/HAVANA (Reuters) - The Trump administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties confiscated by Communist-ruled Cuba since Fidel Castro’s revolution six decades ago, a senior U.S. official said on Tuesday.
The major policy shift, which will be announced on Wednesday, could expose U.S., European and Canadian companies to legal action and deal a blow to Cuba’s efforts to attract more foreign investment. It is also another sign of Washington’s efforts to punish Havana over its support for Venezuela’s socialist president, Nicolas Maduro.
President Donald Trump’s national security adviser, John Bolton, will explain on Wednesday the administration’s decision in a speech in Miami and announce new sanctions on Cuba, Venezuela and Nicaragua, countries he has branded a “troika of tyranny,” the official said, speaking on condition of anonymity.
It is unclear, however, whether such property claims will be acceptable in U.S. courts. The European Union has already warned it could lodge a challenge with the World Trade Organization.
“The extraterritorial application of the U.S. embargo is illegal, contrary to international law and I also consider it immoral,” EU ambassador to Cuba Alberto Navarro said in Havana.
-snip-
Read more: https://www.reuters.com/article/us-usa-cuba/in-major-shift-trump-to-allow-lawsuits-against-foreign-firms-in-cuba-idUSKCN1RS1VY
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
