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The Nexus
BUSINESSJun 23 · 14:20 UTCWTOP DCWTOP Staff

Supreme Court OKs ExxonMobil lawsuit over Cuban property seized by Fidel Castro’s government

The Supreme Court ruled that ExxonMobil can sue Cuban state-owned companies in U.S. courts over property seized by Fidel Castro’s government. The 6-3 decision centers on the Helms-Burton Act, which allows lawsuits against entities benefiting from confiscated Cuban property. The Trump administration lifted a suspension on this provision in 2019, enabling ExxonMobil to pursue claims for assets seized from its predecessor, Standard Oil.

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Supreme CourtorganizationExxonMobilorganizationCuban state-owned companiesorganizationFidel Castro’s governmentorganizationHelms-Burton ActtopicTrump administrationorganizationStandard OilorganizationU.S. Foreign Claims Settlement Commissionorganization
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