September 23, 2019
Latest News

Havana-based cigar maker says it doesn't foresee Helms-Burton lawsuits

Havana, Sep 13 (efe-epa).- Habanos S.A., a Spanish-Cuban joint venture that is a leading maker of Premium cigars, said Friday it does not believe it is at risk of being hit with lawsuits under Title III of the United States' 1996 Helms-Burton Act.

"We're aware of other foreign companies in Cuba that have been the target of lawsuits. In our case, no. The truth is we're at ease and don't foresee any action against us," the company's co-president, Luis Sanchez Harguindey, told EFE.

Title III, which allows US citizens (mainly Cuban-Americans) and corporations to sue entities that have been "trafficking" in property that was seized by the island's government on or after the triumph of the Cuban Revolution on Jan. 1, 1959, had not gone into effect until May 2 due to rolling six-month waivers.

US President Donald Trump, however, allowed waivers to Title III to expire as part of efforts to bring about political change on the Communist-ruled island and roll back predecessor Barack Obama's efforts to forge closer ties with Cuba.

Sanchez Harguindey said Habanos is not aware of any risk that lawsuits will be filed seeking compensation for its use of lands in the western region of Vueltabajo, where the company grows and harvests its tobacco.

It also does not expect to be sued over the factories or land used to manufacture its prestigious cigars.

"We're focused on our business and unconcerned about an eventual situation with Title III," the co-president said.

Habanos is a Cuban-Spanish joint venture that markets its products in much of the world - though not the US because of the decades-old embargo - and earned record revenues of $537 million in 2018.

Since Title III was activated, several lawsuits have been filed targeting foreign companies operating in Cuba, including Spanish (Melia, Iberostar and Barcelo), Canadian (Blue Diamond) and French (Accor) hotel groups.

Travel booking platforms Trivago, Booking and Expedia also have been sued.

In a press release in May, the European Union slammed the Trump administration's decision to fully activate the 1996 Helms-Burton Act.

The bloc said that move constituted a "breach of the commitments undertaken in the EU-US agreements of 1997 and 1998, which had been respected by both sides without interruption since then," adding that it "will cause unnecessary friction and undermines trust and predictability in the transatlantic partnership." EFE-EPA

lcl/mc

News history
Tesla stock has risen this month as its 3rd-quarter numbers approach

By David Marino-Nachison

Australian Navy begins sea trials of 3rd air warfare destroyer

Sydney, Australia, Sep 16 (efe-epa).- Australia has begun the first phase of sea trials of its third and final Air Warfare Destroyer, the Department of...

Nissan Motor CEO steps down in the wake of bonus scandal

Tokyo, Sep 16 (efe-epa).- Hiroto Saikawa stepped down from his post as chief executive officer of Nissan Motor on Monday and has been replaced by Yasuhiro...

Trump says US is "locked and loaded" to respond to attack on Saudi oil

Washington DC, Sep 15 (efe-epa).- The president of the United States on Sunday warned that his administration was "locked and loaded" to respond to a recent...

Nissan CEO steps down over bonus scandal

Tokyo, Sep 9 (efe-epa).- Nissan Motor's CEO, Hiroto Saikawa, will step down on 16 September on the back of an investigation into over payments the executive...

Volkswagen to pay multi-million-dollar settlement over 'dieselgate' Australia

Sydney, Australia, Sep 16 (efe-epa).- German car giant Volkswagen has agreed to pay millions in compensation to those affected by its diesel emissions...

General Motors braces for first nationwide strike in 12 years

Washington DC, Sep 15 (efe-epa).- The United Automobile Workers trade union on Sunday called for a nationwide strike of 48,000 employees at General Motors,...

Mexico seeks to topple Brazil's Volkswagen Guinness World Record

Puebla, Mexico, Sep 15 (efe-epa).- The Mexican state of Puebla over the weekend attempted to take the Guinness World Record for the most Volkswagen vehicles...

Argentina's gov't to present new budget amid economic woes

Buenos Aires, Sep 15 (EFE).- Finance Minister Hernan Lacunza will present the proposed 2020 budget to the Argentine Congress this week, a budget that will...

World's biggest oil producer reduces output by 50 percent after Saudi attacks

By Suleiman al-Assad

Battle to power electric vehicles reaches Sweden

By William Boston

Are central banks losing their clout?

By Randall W Forsyth

Ecotourism, the answer to Latin America's rural development needs

By Maria Jose Brenes

Havana-based cigar maker says it doesn't foresee Helms-Burton lawsuits

Havana, Sep 13 (efe-epa).- Habanos S.A., a Spanish-Cuban joint venture that is a leading maker of Premium cigars, said Friday it does not believe it is at...

US pledges to increase trade with Brazil, without mentioning bilateral deal

Washington, Sep 13 (efe-epa).- US Secretary of State Mike Pompeo promised his Brazilian counterpart here Friday that exchanges of goods and services between...

Mexicans make drinking straws from reeds to curb use of plastic

Jose de Jesus Cortes

London, Sep 13 (EFE).- The London Design Festival returns this weekend to the British capital with events and facilities bringing together the best of the...

China exempts US soy, pork products from tariffs ahead of US negotiations

By Paula Escalada Medrano.

Vaping giant Juul Labs debates pushing back on US' new ban on e-cigarettes

By Jennifer Maloney

Trump's plans for oil drilling in Arctic refuge clear big hurdle

By Timothy Puko

IMF: US-CHINA TRADE WAR STARTING TO WEIGH ON GLOBAL ECONOMY

Washington, Sep 12 (efe-epa).- The International Monetary Fund said Thursday that the trade war between the United States and China is already triggering a...

Argentina’s obsession with the dollar, a vicious circle amid a crisis

By Rodrigo García

New tariffs applied on Chinese imports to the US

Beijing, Sep 12 (efe-epa).- China's Customs Tariff Commission of the State Council has postponed the planned 25 percent tariffs on 16 products from the...

EU's top diplomat visits Mexico to boost trade agreement

By Eduard Ribas i Admetlla

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.