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January 18, 2019

Trump may tighten U.S. embargo on Cuba

  • The move could unleash a flurry of lawsuits against foreign companies that have invested on the island.
  • By MICHAEL WEISSENSTEIN
    Associated Press

    HAVANA — The Trump administration is weighing what could become the most serious tightening of the U.S. trade embargo on Cuba in more than two decades — a move that could unleash a flurry of lawsuits against foreign companies that have invested on the island.

    A 1996 law known as the Helms-Burton Act give Americans the right to sue companies profiting from properties confiscated by Cuba's government after its 1959 socialist revolution. That potentially could allow hundreds of lawsuits against corporations around the world, from Spanish companies that run Cuban hotels to Chinese and Turkish firms renovating Cuban ports.


     
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