Trump Adm. Announces It will Allow Lawsuits Against Foreign Entities In Cuba
A 1996 law (Cuban Liberty and Democratic Solidarity (Libertad) Act of 1996 (Helms–Burton Act) allowing U.S. domestic lawsuits by people & companies whose property was expropriated by Cuba to recover damages from foreign companies doing business in Cuba has been suspended by all presidents under a provision of the law since 1996, when enacted because of international pressures. The purpose of the act was that internationally operating companies have to choose between Cuba and the U.S., which is a much larger market. Trump has announced a further extension of his America First policy with removal of the suspension.
Quote:
...Title III creates a private cause of action and authorizes U.S. nationals with claims to confiscated property in Cuba to file suit in U.S. courts against persons that may be "trafficking" in that property. The Act grants the President the authority to suspend the lawsuit provisions for periods of up to 6 months if it is necessary to the national interest of the United States and will expedite a transition to democracy in Cuba. Successive presidents have exercised this authority, most recently in June 2018,[6] pursuant to a non-binding declaration of intention in April 1997 that came out of a trade dispute with the European Union. 20[7] In January 2019, the provisions of Title III were suspended for 45 days. [8] The filing fee for the Title III action is set by US Courts at $6,458 (from December 2016),[9] a level that would discourage all but very serious claims.
https://en.m.wikipedia.org/wiki/Helms–Burton_Act
The Democrats at the time the law was passed opposed its adoption vociferously. Theft by commies to them is o.k. A similar law needs to be passed aimed at the theft of American property by Venezuelan Commies. Expect wailing and knashing of teeth by the usual suspects.
https://www.reuters.com/article/us-u...-idUSKCN1QL1KV
