The EU will protect the rights of businesses doing business with Cuba

The EU may sue the US on the WTO or use punitive measures to protect its businesses in Cuba, allowing lawsuits related to assets that have ...


The EU may sue the US on the WTO or use punitive measures to protect its businesses in Cuba, allowing lawsuits related to assets that have been confiscated in Cuba.

In a recent statement, European Union (EU) senior representative for security and foreign policy, Federica Mogherini, said the EU could sue the US on the World Trade Organization (WTO). or use punitive sanctions to protect their businesses in Cuba, after the United States declared Title 3 of the Helms-Burton Law in 1996, allowing lawsuits related to each property. being confiscated in Cuba, will take effect from next May.

According to Mogherini, the EU considers the application of unilateral bans to go against international law and will take all appropriate measures.

Mogherini said these measures could include suing the WTO or using the "Blocking Regulation," which would allow European companies sued in the US to claim damages from US plaintiffs at courts in the EU.

Mogherini said the EU would also call for support from other countries, though they did not name them.

European companies as well as Canada invest in Cuba's tourism and energy sectors and the US President's decision can make relations more stressful.

The Donal Trump administration last month lifted a ban on US citizens from suing foreign companies for using American assets confiscated by the Cuban government since the 1959 revolution.

The Helms-Burton law was enacted in 1996 and is one of the legal foundations for the US embargo siege against Cuba. In particular, Article 3 allows Cuban citizens with confiscated properties, after acquiring US citizenship, are entitled to sue in US courts to reclaim such assets or claim compensation.

However, since the Law of Helms-Burton was born, all US presidents who have signed extension of this law are exempt from Article 3 from the 6-month period.

However, on January 17, US President Trump signed a waiver for this item within 45 days.

From March 4, apply a part and only postpone the implementation for another 30 days. Next, on April 17, the United States declared Article 3 of the Helms-Burton Law to take effect from May 2.
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High Tech Brain: The EU will protect the rights of businesses doing business with Cuba
The EU will protect the rights of businesses doing business with Cuba
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