Helms-Burton Act


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Helms-Burton Act

Legislation in the United States, passed in 1996, that strengthened the existing trade embargo on Cuba. The U.S. had prohibited most trade with Cuba since 1960. The Act extended this prohibition to companies doing business with Cuba and to companies that use property Cuba had nationalized from American companies. The Act was quite controversial internationally.
References in periodicals archive ?
The litigant, Javier Garcia-Bengochea, (https://www.miamiherald.com/news/business/tourism-cruises/article234431917.html) sued the cruise corporation under a new provision of the 1996 Helms-Burton Act that allows U.S.
During the meeting, the Minister restated Canadas concern over the United States decision to end the suspension of Title III of the Helms-Burton Act. Canadas Foreign Extraterritorial Measures Act (FEMA) remains in force and the Canadian federal government will fully defend the interests of Canadians conducting legitimate trade and investment with Cuba.
Title III of the Helms-Burton Act had been fully waived by every US president over the past 23 years due to opposition from the international community and fears it could create chaos in the US court system with a flood of lawsuits.
On Cuba, Lavrov stated that the US attempt to pressure the government in Havana through the continuation of "Helms-Burton Act" was in clear violation of international law and was against the majority of members of the UN.
Washington recently activated Title III of the Helms-Burton Act to tighten sanctions against Havana, which partly contributed to the shortages of basic foodstuffs in Cuba in recent weeks.
The first filings were lodged at the US District Court in Miami on May 2, on the first day Title III of the 1996 Helms-Burton Act was activated by President Donald Trump's administration, according to the Associated Press.
The case by Exxon Mobil, which is looking to recover roughly $280M in losses, is one of the first suits filed under Title III of the 1996 Helms-Burton Act, which enables certain U.S.
Every president since Bill Clinton has suspended a section of the 1996 Helms-Burton act that would allow such lawsuits because they would snarl companies from US-allied countries in years of complicated litigation that could prompt international trade claims against the United States.
After the 1996 Helms-Burton Act strengthened the embargo, the university's general counsel deferred to an interpretation by Treasury's Office of Foreign Assets Control that scholarly publication of work by authors from sanctioned nations, including Cuba, was prohibited, said Geoffrey S.
The Helms-Burton Act of 1996 transformed the embargo into law, meaning that only Congress could end the economic and political sanctions.
Despite the thaw in relations, the embargo, officially known as the Helms-Burton Act, remains in place barring US tourists from visiting Cuba.
He is bound in part by the Helms-Burton Act, which requires congressional approval to remove the extra-territorial nature of trade prohibitions for nations who interact with Cuba.