Cuban Gov´t Provides Legal Guarantees against Helms Burton Act

Havana, May 31 (Prensa Latina) Cuban government has reportedly provided on Friday all the political and legal guarantees to entrepreneurs in the country against the possible effects of the Helms Burton Act

The Director General of the Directorate of the United States of Cuba´s Foreign Affairs, Carlos Fernandez de Cossio, assured to foreign entities their activity is legal and legitimate despite the activation of title III of US Act.

The statements were made during a meeting held at the National Hotel in Havana with business companies and the European diplomatic corps, attending 127 representatives of corporations from the old continent.

Title III of the Helms Burton Act, which entered into force on May 2, sets the authorization for US citizens to file lawsuits to US courts against foreigners for alleged traffic with properties that were subject to nationalization in 1960.

So far, the executive listed four lawsuits have been filed, one from the company Exxon Mobile against the national Union-Petroleum and the Corporation Cimex S.A., two against the US cruise line Carnival and one against the Cuban companies Gran Caribe, Cubanacan, Cimex and Gaviota due to a hotel in Cienfuegos.

Fernandez de Cossio deemed the aforementioned demands do not attempt against foreign investments but are aimed to damage Cuba´s commercial activity.

In political terms, he remarked that we reject in the most energetic way the conduct and measures announced by the US government, but the Cuban government will not continue to be opened to an understanding.

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