By some estimates, when Cuba transitions to a market oriented economy and resolves its various disputes with the U.S., the island nation will require more than $50 billion of investment to modernize its economy. Recent improvements in U.S.-Cuba relations have opened up some avenues of economic cooperation in terms of both trade and investment, but … Read more
The legal wrangle between the U.S. and Cuban governments involves years of rancor and a multitude of legislation so complex that an unwinding is akin to annulling a divorce. The Cuban government has judicially adjudicated claims against the U.S. for personal injury and economic damages, as explained below. Cuba also enacted Law No. 80 of … Read more
by Doreen Edelman, a shareholder in the Washington, D.C. office of Baker Donelson and co-leader of the Firm’s Global Business Team. This article was originally published in Baker Donelson’s “Export Compliance Matters” blog. As you know there are ongoing changes to the Cuba export regulations. President Obama announced the reopening of the U.S. embassy in Havana … Read more
