The Trump administration is preparing to allow lawsuits in U.S. courts for the f...
WASHINGTON - The Trump administration is preparing to allow lawsuits in U.S. courts for the first time against some foreign companies doing business in Communist-ruled Cuba using properties confiscated from Cuban-Americans and other U.S. citizens, according to people familiar with the matter.
The move, which could be announced as early as Monday, could threaten Cuba’s efforts to attract more foreign investment and is also aimed at punishing Havana over its support for Venezuela’s socialist president, Nicolas Maduro, who is facing a political and economic crisis, the sources said. The State Department plans to allow Title III of the Helms-Burton Act to go into effect with a “partial waiver” to protect U.S. businesses and those of certain American allies, according to the sources, who were briefed on the matter. However, it could leave Russian and Chinese companies invested in Cuba at risk of U.S. litigation, they said.
A complete lifting of the ban could let billions of dollars in legal claims move forward in U.S. courts and likely antagonize Canada and U.S. European partners, whose companies have significant business holdings in Cuba.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump admin to allow suits against some firms doing business in CubaThe Trump administration is expected to act as early as Monday to allow unprecedented lawsuits in American courts against some foreign companies doing business in Cuba, U.S. officials and others familiar with the move tell NBC News.
Read more »
For boxers Lara, Ortiz, leaving Cuba their toughest fightNEW YORK (AP) — Luis Ortiz was scared, though not of anything bad happening in the ring. With the heavyweight punching power he possesses in his left hand, 'King Kong' doesn't worry too much...
Read more »
Opinion | Maduro and Cuba LoseOpinion: The dictator closed the border—but Venezuela’s democrats won the day, writes MaryAnastasiaOG
Read more »
The world's best beach for 2019 revealedTripAdvisor has ranked shorelines based on traveler reviews and ratings for beaches in 2019. The list includes idyllic spots in the likes of Aruba, Cuba, Turks and Caicos and Spain.
Read more »
Trump admin to allow suits against some firms doing business in CubaThe Trump administration is expected to act as early as Monday to allow unprecedented lawsuits in American courts against some foreign companies doing business in Cuba, U.S. officials and others familiar with the move tell NBC News.
Read more »
U.S. Supreme Court revives India power plant lawsuitThe U.S. Supreme Court on Wednesday revived a lawsuit by villagers in India seek...
Read more »