Claims under Cuban seized-property law fewer than expected, but still likely to hurt economy

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Claims under Cuban seized-property law fewer than expected, but still likely to hurt economy
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Many analysts predicted an avalanche of lawsuits, creating chaos in the U.S. court system, but some experts now say there may be far fewer.

“There are still a lot of things that need to be settled about the law,” Freyre said.

The move was opposed by Canadian and European Union allies, whose businesses have billions of dollars in investments in Cuba. The European Union warned U.S. companies they risk having their assets seized if they pursue claims. The claims come as Cuba is losing aid from Venezuela and is struggling to find enough cash to import basic foods.

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