Norwegian Cruise Line must pay $110 million in damages for use of a port that Cuba's government confiscated in 1960, a U.S. judge ruled on Friday, a milestone for Cuban-Americans seeking compensation for Cold-War era asset seizures.
and MSC under the Helms-Burton Act, which allows U.S. nationals to sue over use of property seized in Cuba after 1959.
It may also serve as a reminder to multinational firms of the complications that can come with doing business in Cuba. But the Trump administration in 2019 ordered a halt to all such cruises amid efforts to pressure Cuba over its support for Venezuelan President Nicolas Maduro, an ideological adversary of Washington.
Havana Docks says Cuba, which has been subject to a decades-old U.S. trade embargo, never compensated it for the takeover of the property.
Singapore Latest News, Singapore Headlines
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