Market: Cuba

An offshore fund holding defaulted Cuban sovereign debt obtained the necessary consents to be assigned that debt and may pursue enforcement against the state’s former central bank, an English court has found – but it did not obtain consent to transfer accompanying guarantees provided by the Cuban government.

11 April 2023

An eight-day trial is under way in London to decide whether a Cayman fund can bring a claim against Cuba for payment of an almost 40-year-old sovereign debt governed by English law and denominated in now-defunct German Deutschmarks.

30 January 2023

Over a dozen companies could face US lawsuits for trafficking in property seized by Fidel Castro’s government as enforcement of a long-blocked Cuban embargo law appears to be ramping up.

12 August 2019

While article 28 of the new proposed Cuban constitution expressly supports foreign investment for the first time, lawyers are divided on how much the changes will impact the island’s business landscape and share their thoughts on what GCs should consider if more companies do look to Cuba to invest.

21 January 2019

Akin Gump Strauss Hauer & Feld LLP in Washington, DC and Philadelphia and Uría Menéndez’s Cuban desk have helped US medical centre Roswell Park create a biotech joint venture with Cuban cancer research group Center for Molecular Immunology (CIM), the first of its kind between the US and Cuba.

03 October 2018

The first lawsuits arising from the May 2018 crash of Global Air Flight 972 in Cuba that killed 112 people have been filed in a Chicago court, alleging negligence under the Illinois Wrongful Death Act.

24 September 2018

Featured in Diversity Survey 2018

Companies across industries are making a lot of noise about the importance of promoting diversity within their businesses, but when it comes to keeping tabs on their outside counsel, little is being done, according to LACCA’s research.

31 August 2018

Jed Hepworth has spent nearly 40 years working on international matters at Cargill, Inc, the biggest privately held corporation in the US, and 20 of those as Latin American general counsel. With a team of 70 professionals around the region, he reflects on the crucial role of leadership in promoting business ethics and compliance.   

27 July 2018

Most Latin Americans believe governments are failing to meet demands to tackle corruption, according to a new Transparency International poll, but GCs say the private sector and civil society are playing important roles in driving change. 

27 October 2017

While many lawyers believe US businesses with investments in Cuba are unfazed by President Donald Trump's proposed changes to US-Cuba policy, a number have raised concerns about the implementation of clear-cut regulations to guide companies' operations on the island. Emilio Demetriou-Jones reports

11 September 2017