Supreme Court to Deliberate on ExxonMobil's Compensation Case Against Cuba

The U.S. Supreme Court took a significant step on Friday by agreeing to hear ExxonMobil's case for compensation from Cuban state-owned entities. These entities are alleged to have benefited from oil and gas assets seized by Cuba in 1960.

ExxonMobil's legal maneuvers, which involve invoking the 1996 Helms-Burton Act, were previously undermined by a lower court ruling. Simultaneously, the Court is set to address a related appeal from a Delaware company, aiming to reclaim $440 million in judgments against major cruise lines that utilized Havana's now-nationalized port facilities.

This case, along with others, will be heard during the Supreme Court's nine-month term starting Monday, potentially influencing future U.S.-Cuba business relations.

(With inputs from agencies.)