World News: 18:23 GMT Wednesday 17th April 2019. [Yahoo Business News Feed via SPi World News]
The 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.
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.