The Buzz | US allowing suits against foreign firms in Cuba
The Trump administration is opening the door for lawsuits against foreign firms operating on properties Cuba seized from Americans after the 1959 revolution.
Secretary of State Mike Pompeo said yesterday he won’t renew a bar on litigation in place for two decades. The decision is a blow to Havana’s efforts to draw foreign investment to the island.
President Donald Trump is stepping up pressure to isolate embattled Venezuelan President Nicolas Maduro, who is holding power with help from other countries, including Cuba, China and Russia.
Pompeo’s decision gives Americans the right to sue companies that operate out of hotels, tobacco factories, distilleries and other properties Cuba nationalized after Fidel Castro took power. It allows lawsuits by Cubans who became U.S. citizens years after their properties were taken.
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