Supreme Court wades into U.S.-Cuba business disputes, with billions at stake [CNBC]
Exxon Mobil Corporation (XOM)
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Source: CNBC
Havana declared two days of national mourning as of January 5 after a total of 32 Cubans were killed during the US attack on Caracas that culminated in the capture of Venezuela's president Nicolas Maduro. Adalberto Roque | Afp | Getty Images The U.S. Supreme Court is set to explore legal questions arising from the fraught history of U.S.-Cuban relations when it considers the scope of a 1996 law that lets U.S. nationals seek compensation for property confiscated by the communist-led Cuban government. The justices hear arguments on Monday in two cases centered on the federal law called the Helms-Burton Act, one involving U.S. oil major ExxonMobil and the other involving the cruise lines Carnival Royal Caribbean Norwegian Cruise Line and MSC Cruises. One of the law's provisions, called Title III, allows for lawsuits in U.S. courts against entities that “traffic” in property confiscated by the Cuban government after the revolution that brought Fidel Castro to power in 1959. Whil
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