Spain’s government spokeswoman says authorities will provide support to any Spanish company affected by possible U.S. suits filed against foreign firms in Cuba.
Isabel Celaa said Wednesday”the Spanish government will give its funding to Spanish firms from Cuba.” She did not elaborate on what kind of support might take.
Celaa told reporters after the Cabinet meeting Madrid knows that the European Union intends to throw its weight against European firms having business interests beyond the bloc.
The U.S. government is expected to announce later Wednesday it will allow lawsuits against foreign firms doing business in houses seized from Americans after Cuba’s 1959 revolution.
Even the European Union is warning that it stands ready to safeguard the interests of European companies or individuals conducting business in Cuba who might be hit by any U.S. suits filed against foreign firms there.
The administration of president Donald Trump is expected to announce Wednesday that it will enable lawsuits against foreign firms doing business in lands seized from Americans after the 1959 revolution of Cuba.
European Commission spokesman Alexander Winterstein states that the EU”is ready to protect European interests, including European investments and the financial actions of EU individuals and entities within their relations with Cuba.”
Winterstein underlines the EU’s”strong opposition to the extraterritorial use of unilateral restrictive steps, which it considers contrary to law”
He has declined to state what steps are being contemplated.
A senior official in Madrid says the Spanish government is asking the European Union to challenge a U.S. move to permit lawsuits against foreign companies operating in properties seized from Americans in post-revolution Cuba.
The move, announced Tuesday, breaks with two years of U.S. coverage on the staircase.
Spain, that has big investments in hotels and other industries in Cuba, would request the EU to question the conclusion from the World Trade Organization, a senior administration official told The Associated Press.
The official requested anonymity because she wasn’t authorized to discuss the matter. She added that Spain was dedicated to defending its interests.
Businesses one of nations from Canada, France and Great Britain run business in properties nationalized after Fidel Castro took power in 1959.
— From Aritz Parra
The Trump administration is planning to change a longstanding U.S. policy on Cuba.
The administration is expected to announce Wednesday that it will enable lawsuits against foreign firms doing business in properties seized after the 1959 revolution of Cuba.
The Helms-Burton Act, A law passed in 1996, provides Americans the right to sue the businesses that operate out of hotels, tobacco mills, distilleries and other properties after Fidel Castro took power, that Cuba nationalized. The act even allows lawsuits by Cubans who became U.S. citizens years following their possessions were shot.
However, every U.S. president because Bill Clinton has suspended that the key clause to avoid trade clashes and a possible mass of lawsuits which could prevent any future compensation with Cuba over nationalized properties.