Posted on 05/04/2019 9:34:14 AM PDT by simpson96
That didn't take long.
Mere days after President Trump lifted the waiver on lawsuits by Americans to sue communist Cuba for expropriated assets, Big Oil's Bigfoot, ExxonMobil, was on this case like Godzilla. The Miami Herald reports that it is ready to stomp Cuba:
Exxon Mobil has filed suit in U.S. federal court against Cuba’s CIMEX and CUPET companies for their use of an oil refinery and other properties seized by the Fidel Castro government six decades ago.
Exxon Mobil is the first U.S. company to file suit after President Donald Trump allowed Title III of the Helms-Burton Act to take effect, opening the way for demands against Cuban and foreign companies that benefit from properties seized by the communist government.
Title III had been suspended every six months by every U.S. president since the law was approved in 1996. That's a monster. And it's going to cost Cuba big, if ExxonMobil wins, and ExxonMobil always plays to win, and with some of the world's best attorneys, it usually does win. The Helms-Burton law of 1996 states that U.S. companies who had their property stolen by communists in Cuba are entitled to sue for three times the value of the stolen properties, plus 6% annual interest, which, compounded over 60 years of Castro rule, is a...lot of interest. The company must have had that lawsuit ready for Trump's move, given the speed with which it was executed.
It shows just how major President Trump's act was. Over the years, much of the reporting on this matter has focused on small-time Cuban-American stakeholders who lost shops and apartments in the vast uncompensated thievery of communization, and these are people who have largely been dismissed as poor mice hopelessly living in the past.(snip)
Couldn't happen to a nicer bunch of socialist thieves.
(Excerpt) Read more at americanthinker.com ...
Therein is the amazing realization: even the worst nations STILL have enough economic activity to generally keep the population alive & functional.
I'll echo what another poster said, the Cubans I've met are great, hard working people.
By and large the Christians hate the government. One told me that he wasn't afraid of going to prison because, “the whole Island is a prison.”
“The US at the near height of its comparable strength was not able to take down Cuba in the late 50’s and early 60’s. The blockade during the Cuban Missile Crisis of 1962 almost got us into nuclear war.”
In 1962 Cuba was backed by the nuclear might of the USSR. Who is Cuba’s protector now? Putin?
The naval quarantine of Cuba showed the Soviets we meant business. Were they ready to have Moscow and the USSR west of the Urals redestroyed less than two decades after WWII?
Then there was Castro yapping at their heels “Let’s you and the Americans fight” as he urged a Soviet first strike. That must have given Khrushchev second thoughts.
You have told the story of the 1962 Cuban Missile Crisis but that IMO has little to do with the current situation. Because the can was kicked down the road by the likes of Clinton, Bush 43, and Obama doesn’t mean PDJT is risking war to redress Cuban crimes of expropriation. He is merely affirming standing law, similar to his resolving the delay in moving our embassy in Israel to Jerusalem.
I doubt that America need fear the mighty Cuban Luftwaffe.
The Demonrats should take a clue, Trump plays hardball.
Agreed
Go figure, this is the first I've heard of this.......
Exxon wins in US court and Cuba basically says so what.
US has zero jurisdiction in Cuba... so a big court judgement with no way to collect.
Big whoop.
Any Cuban asset world wide can be attached.
Would probably be cool to take posession of the Cuban Embassy in D.C.
“US has zero jurisdiction in Cuba... so a big court judgement with no way to collect.“
Any multinational corporation doing business with Cuba is at risk of having their assets attached. The Germans and the French will wet their pants once a few corporate lawyers explain things to their governments. This ain’t 1962.
L
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