HAVANA - Carnival Corp on Thursday became the first company sued for profiting from expropriated Cuban property as the Trump administration piles new sanctions on the Communist-run nation for supporting Venezuela’s embattled government.
Under Title III of the Helms Burton Act, waived by previous presidents, anyone whose property was nationalized after the 1959 Cuban Revolution, even if they were not U.S. citizens at the time, can sue any individual or company profiting from their former holdings. Gutierrez said Carnival was duly notified and thus the suit was filed on Thursday, with others to follow soon.
Cuba charges Title III violates international law because its nationalization of property was legal and also because Cuban-Americans were not U.S. citizens when their properties were taken.
Hahaha. American company hurt by trump policies. Who could have guessed? 😂
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Shark Tank' billionaire Mark Cuban: 'If I were going to start a business today,' here's what it would be'Shark Tank' star and tech billionaire Mark Cuban says artificial intelligence is going to drastically change the way we live, and if you don't understand what's coming, 'you can be blindsided in ways you couldn't even possibly imagine.' MakeIt Don't tell me. I want to wait and find out when I watch shark tank MakeIt You’re welcome everyone. MakeIt Paid not owed help me help the Country be GREAT again!
Source: CNBC - 🏆 12. / 72 Read more »
Facebook is suing a New Zealand company and three people over fake Instagram likesFacebook filed a lawsuit in a U.S. federal court against a New Zealand company and three people for allegedly selling fake likes, views and followers to Instagram users. DevinCow NunesAlt Forget being mad over fake likes... how bout all our information being compromised through Facebook like 10 times? How bout all our personal info being sold without our consent? Is this a joke? Half the likes on IG come from like farms in Asia.
Source: CNBC - 🏆 12. / 72 Read more »
BNP Paribas first-quarter net profit beats forecasts thanks to market upturnBNP Paribas' first quarter net profit rose from last year and beat expectat...
Source: Reuters - 🏆 2. / 97 Read more »