The path to investing in Cuba is as colorful as the island nation’s history. For Americans, in particular, one needs to sort through all the various US sanctions before evaluating Cuba’s own complex rules and restrictions. And for non-Americans, the US Helms-Burton Act provides for severe penalties for tripping up this law – in fact, … Read more
Today, the Department of Commerce and the Department of the Treasury are announcing additional revisions to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), building off the changes put into place by Treasury and Commerce on January 16, 2015 and further delivering on the new direction toward U.S. relations with Cuba that … Read more
On September 11, President Barack Obama extended Cuba’s status as an “enemy” under a 1917 law called the Trading with the Enemy Act. North Korea was removed in 2008 – Cuba is the only country with this special designation. Ironically, by extending Cuba’s designation as an enemy, Obama preserved his executive authority to chip away at … Read more
