{"id":218510,"date":"2020-05-03T17:37:39","date_gmt":"2020-05-03T21:37:39","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=218510"},"modified":"2020-05-03T17:37:39","modified_gmt":"2020-05-03T21:37:39","slug":"title-iii-of-the-helms-burton-act-turns-one-year-in-force","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba-usa\/title-iii-of-the-helms-burton-act-turns-one-year-in-force\/","title":{"rendered":"Title III of the Helms-Burton Act turns one year in force"},"content":{"rendered":"

Title III of the Helms-Burton Act<\/a>, which allows U.S. citizens to sue companies that profit from nationalized properties in Cuba, this Saturday marks its first year in force without an avalanche of lawsuits, but with negative effects on foreign investment on the island.<\/p>\n

Amazon, Visa, BBVA, MasterCard, Barcel\u00f3, Pernod, Meli\u00e1, Expedia, Iberostar, Accor, Royal Caribbean, NH Hoteles, Trivago and MSC are some of the more than fifty companies that were initially sued, although some of them have since been excluded for diverse reasons.<\/p>\n

So far, only 25 Title III lawsuits have been filed against 51 companies, some of them included in several legal actions, of which 45.4% are from the United States and the rest from ten different countries, including Cuba.<\/p>\n

Of the claims, 11.3% are against companies from countries of the European Union and among them the Spanish ones are the most numerous.<\/p>\n

These figures are from the U.S.-Cuba Trade and Economic Council, a private entity that has compiled all the information from the first year of its coming into force.<\/p>\n

In an anniversary article, the Council wonders if President Donald Trump\u2019s decision to activate Title III has been a \u201cjudicial or political\u201d success, but it does not hesitate to say that its effect on Cuba has been \u201ccorrosive.\u201d<\/p>\n

Title III of the Helms-Burton Act, promulgated in 1996 by Bill Clinton, was suspended until 2019, because successive presidents chose not to have problems with third countries.<\/p>\n

However, Trump decided to put that part of the Helms-Burton Act at the service of his heavy-handed policy towards the island and thus Title III took effect on May 2, 2019.<\/p>\n

Medios: EEUU endurecer\u00e1 embargo a Cuba con aplicaci\u00f3n plena de Ley Helms-Burton<\/a><\/p><\/blockquote>\n