Supreme Court wades into U.S.-Cuba business disputes, with billions at stake

Supreme Court To Hear Lawsuits Over Americans' Seized Assets In Cuba

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The Court, the Crab, and Cuba

According to recent leaks to Axios, the U.S. State Department has bypassed Cuba’s official civilian government, to hold discreet talks with 41-year-old Raúl Guillermo Rodríguez Castro. Known in Havana as “El Cangrejo” (The Crab), Rodríguez Castro is the grandson and bodyguard of Raúl Castro, and a figure deeply embedded in the island’s sprawling military-commercial conglomerate, GAESA. Simultaneously, the U.S. Supreme Court is preparing to hear …

Supreme Court to Hear Lawsuits Over Americans’ Seized Assets in Cuba

The U.S. Supreme Court is poised to hear two cases on Feb. 23 about U.S. business assets that Cuba’s communist government seized decades ago. Both cases focus on the 1996 Cuban Liberty and Democratic Solidarity Act that was created to pressure Cuba by penalizing foreign companies “trafficking” in property that the Cuban regime seized from U.S. interests. Also known as the Helms-Burton Act, the law allows U.S. citizens and companies to sue any pe…

Supreme Court to Rule on Exxon's $1 Billion Cuba Assets Claim

The U.S. Supreme Court will be hearing on Monday arguments by ExxonMobil, backed by the Trump Administration, about the scope of a law allowing American companies to claim damages for seized assets in Cuba. U.S. supermajor Exxon is seeking compensation upwards of $1 billion for assets seized by the Cuban government in 1960. At the time of the confiscation of the assets, then belonging to subsidiaries owned by Standard Oil, they were worth $70 mi…

U.S. Supreme Court to hear Cuban land claims cases Monday

(The Center Square) - The U.S. Supreme Court will hear arguments on Monday in two cases to determine whether decades-old losses from Cuba can be obtained by two U.S. businesses.