U.S. to allow lawsuits against some foreign firms doing business in Cuba

[TomSea]

U.S. to allow lawsuits against some foreign firms doing business in Cuba
Patricia Zengerle

WASHINGTON (Reuters) - The Trump administration is preparing to allow lawsuits in U.S. courts for the first time against some foreign companies doing business in Communist-ruled Cuba using properties confiscated from Cuban-Americans and other U.S. citizens, according to people familiar with the matter.

The move, which could be announced as early as Monday, could threaten Cuba’s efforts to attract more foreign investment and is also aimed at punishing Havana over its support for Venezuela’s socialist president, Nicolas Maduro, who is facing a political and economic crisis, the sources said.

President Donald Trump’s administration is expected to act on a threat issued in January to allow a controversial law that has been suspended since its creation in 1996 to take effect later this month, permitting U.S. citizens to sue foreign companies over property seized in the 1960s by the Cuban government.

Read more at: https://www.reuters.com/article/us-usa-cuba/u-s-to-allow-lawsuits-against-some-foreign-firms-doing-business-in-cuba-sources-idUSKCN1QL1KV