EU, Canadian Financial Firms In Legal Firing Line Over Cuba Business

A lawyer who slapped a suit on Société Générale over its processing of payments for Cuba’s state bank has said further action against European and Canadian financial institutions is imminent following a legal change in the U.S.

President Donald Trump broke with his three predecessors in May by lifting the suspension on Title III of the Helms-Burton Act, which allows U.S. citizens to claim damages from any entity that derived economic benefit from the Cuban government’s confiscation of property after the 1959 communist revolution.

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