Lawsuits against foreign companies
Donald Trump’s Government is preparing to allow lawsuits in U.S. courts against foreign companies operating in Cuba. They are using property confiscated by the communist Government from Cuban Americans and U.S. citizens.
In addition, the measure would threaten Cuba’s attempts to attract more foreign investment. Also seems to point to punishing the island’s Government for its support of Chavez representative Nicolás Maduro.
Then, Trump would allow section of a 1996 law that was suspended, known as Helms-Burton. This codified all sanctions against Cuba and is considered the backbone of Washington’s six-decade economic embargo on Havana.
The State Department plans to allow Title III of the law to take effect with a “partial exception” to protect U.S. businesses and some U.S. allies.
The decision could put Russian and Chinese companies that have invested in Cuba at risk of litigation.
All U.S. presidents have avoided the use of the provision for the past 23 years, due to opposition from the international community.
The complete lifting of the ban could allow billions of dollars in lawsuits to advance in U.S. courts. Probably face opposition from European partners and Canada, whose companies have significant stakes in Cuba. In addition, it could hurt some U.S. companies that have begun to invest in the island after the political and commercial opening initiated by Barack Obama.
Washington is also considering imposing further financial restrictions on the Cuban military.
“Cuba’s role in usurping democracy and fomenting repression in Venezuela is clear. That’s why the U.S. will continue to tighten financial restrictions on Cuba’s military and intel services. The region’s democracies should condemn the Cuba regime.” That is what John Bolton, White House National Security Advisor, said.