The Helms-Burton bill, if enacted into law, would increase the significant financial risks investors face when they attempt to conduct business in Cuba
Article Abstract:
Cuba remains a very risky environment for foreign investment, and while the Helms-Burton bill recently approved by the US Senate may encourage a change in govt, it also bars most US aid to help make Cuba more attractive. The House version of the bill prohibits 'trafficking' in confiscated Cuban properties, in language that, if it survives, will affect many third-nation multinationals with operations in both the US and Cuba. While the US remains the top potential source of investment, Cuba's govt remains mercurial.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Investing in Vietnam just got easier: new regulations that relate to foreign exchange controls and copyrights attract investors
Article Abstract:
Vietnam's new Civil Code, new regulations on access to foreign currency and on copyright protections, and decrees to limit 'social evils' all improve the business climate for foreign investors. The currency regime now makes it easier for both regular and special joint ventures to obtain foreign currency for a variety of purposes. Enforcement of intellectual property laws remains problematic, but a crackdown on videos, tapes, and video/audio discs promises quick improvements.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Not all business contact with Cuba is prohibited; US companies must take care to avoid 'transactions,' but can explore potential opportunities
Article Abstract:
Cuba liberalized its foreign investment rules when Soviet support ended in July 1992, and the result has been many joint ventures and cooperative processing arrangements between Cuban companies and private businesses in Western countries. The Cuban government reports more than 330 such joint ventures. US businesses interested in doing business with Cuba face first the embargo rules known as the Cuban Assets Control Regulations and also the Helms-Burton law.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: IBM's recent threat to replace Lotus' board demonstrates the vulnerability of clients to voting contests when they are defending against pending takeovers
- Abstracts: The state of play: a significant eight months. Mood music with Jenny Bacon. Rimington reflects: a candid valedictory from the HSE's director general of the past 11 years
- Abstracts: Remedies for unlawful discrimination. Fog begins to clear on "fairness at work."(United Kingdom) Competitive tendering did not excuse pay-cut
- Abstracts: Courts consistently hold that, despite a special relationship, banks have no duty to disclose customers' check-kiting activities to other banks or to third parties
- Abstracts: 3-D explorers not well off under Louisiana law; unique co-ownership rights foil oil and gas companies seeking permits for seismic operations