Exxon Mobil Corp on Friday sued Cuba's state-owned Cuba-Petroleo and Cimex Corp in US federal court seeking US$280 million over a refinery, gasoline stations and other assets seized after Fidel Castro's revolution.[HAVANA] Exxon Mobil Corp on Friday sued Cuba's state-owned Cuba-Petroleo and Cimex Corp in US federal court seeking US$280 million over a refinery, gasoline stations and other assets seized after Fidel Castro's revolution.
On Thursday two Cuban-Americans sued cruise operator Carnival Corp for using Cuban ports nationalised from the family members who owned them.Exxon Mobil accuses the Cuban defendants of"unlawful trafficking in Plaintiff's confiscated property in violation of Title III of the...Cuban Liberty and Democratic Solidarity Act of 1996," according to the complaint filed in US District Court for the District of Columbia.
"This provides comfort for other large claimants to sue, will increase fear by companies in other countries from engagement with Cuba due to the reach of Exxon Mobil and is consistent with Exxon Mobil efforts to recover assets in Venezuela and defend themselves in other countries," he said. All other nations settled their citizens' property claims decades ago. Certified US claims by American citizens at the time of expropriation were never settled.
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