Supreme Court Takes on Exxon's Claim Over Cuban Seized Assets
The U.S. Supreme Court will review Exxon's case seeking compensation from Cuban state firms for oil and gas assets seized in 1960. The Helms-Burton Act allows U.S. nationals to sue over confiscated property. Concurrently, a separate bid by a company against cruise lines is also under review.
The U.S. Supreme Court has taken up ExxonMobil's appeal to seek compensation from Cuban state-owned companies for oil and gas assets seized during the 1960s. This decision revolves around the Helms-Burton Act, a law that allows Americans to sue foreign entities over confiscated property in Cuba.
Alongside Exxon's case, a Delaware-based company has also filed an appeal relating to port facilities in Havana that were seized. This action is targeted at cruise lines such as Carnival and Norwegian, who have used the facilities, seeking enforcement of a $440 million judgment.
These cases, which involve complex jurisdictional issues and interpretation of the Foreign Sovereign Immunities Act, will be argued in the Supreme Court's new term. These legal challenges follow former President Trump's 2019 decision to lift the suspension on lawsuits under the Helms-Burton Act.
(With inputs from agencies.)
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