Flood of lawsuits, flight of investors on cards with US Cuba move

World News: . []

Flood of lawsuits, flight of investors on cards with US Cuba moveThe US decision to enforce a tough but long-delayed law in Cuba could have far-reaching effects, including triggering an avalanche of lawsuits as well as action before the World Trade Organization. President Donald Trimp's administration said Wednesday it would allow lawsuits in US courts over properties seized by Cuba's communist government, enforcing a key provision of the 1996 Helms-Burton Act that had been waived by successive presidents. 'It is highly likely there will be a flood of claims in south Florida, many of them frivolous, from Cuban Americans -- against foreign companies, but also against Cuban entities,' said Chris Bennett, managing director of the Caribbean Council, a London-based trade consultancy focused on the region.


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