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MIAMI HERALD: Foreign Investment in Cuba Might Be At Risk If US Allows Lawsuits Over Confiscated Property

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Thursday, 21 February 2019 18:40

Ever since the passage of The Helms-Burton Act in 1996, Title III of the provision has been suspended by every President, preventing lawsuits in U.S. courts against foreign companies conducting business on property in Cuba subject to a U.S. certified Claim. Last month, Secretary of State Mike Pompeo notified the Congress that instead of suspending Title III for 6 months, it would only be a 45-day suspension during which the Administration would conduct a careful review.

PobleteTamargo attorney Jason Poblete discussed the potential risks to foreign investors looking to enter the Cuban market in an article published in The Miami Herald.

Poblete explains that, “[T]his would be another layer of concern for potential foreign investors and could chill investment in Cuba considerably.” He goes on to add that, “It would not be easy to make a Title III claim. It requires time, money and emotional capital.”

 

The complete article in The Miami Herald written by Mimi Whitefield can be found here.

 

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