Holland & Knight on 27th April published an article saying that there are unresolved Issues Remain Regarding Trump Administration’s Announcement Not to Continue the 22 Years of Waivers on Title III of Helms-Burton Act.  The most important factor is that US nationals may sue any person who “traffics in confiscated property,” which means that US nationals, including individual citizens and corporations, with title to a claim on Cuban confiscated property may bring claims in US federal court against individuals and entities that derive any economic benefit from property that has been expropriated by the Cuban government since 1959.  The 7 questions posed include – will the EU and Canadian blocking statutes have an effect, and when will other sanctions changes mentioned by the Administration take effect?

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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