April 16, 2019
Trump to Allow U.S. Lawsuits Over Seized Property in Cuba
Source: Bloomberg
Journalists: Margaret Talev, Nick Wadhams, Stephen Wicary
The Trump administration will allow U.S. citizens to file lawsuits over property confiscated in Cuba during the 1959 revolution, a move that reverses two decades of policy and will create new tensions with allies whose companies do business there.
The administration plans to announce Wednesday that the U.S. will begin enforcing a provision of a 1996 law known as the Helms-Burton Act that allows Cubans who fled Fidel Castro’s regime to sue companies that have used their former property on the island. Like his predecessors, President Donald Trump had previously waived the provision, Title III, because enforcing it could result in a flood of litigation against foreign companies.
Read the full article and more in Bloomberg.