Tag Archives: cuba

While Cuban Embargo Remains, Latest Round of Historic U.S. Changes Foster Increased Trade

While the nearly comprehensive U.S. embargo on trade with Cuba remains and will require an act of Congress to be eliminated, the U.S. government has issued another round of measures further easing the U.S. sanctions and export control restrictions against Cuba.  Effective Oct. 17, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets … Continue Reading

U.S. Further Eases Restrictions on Cuba Travel and Financial Transactions

In its most recent move in a series of changes designed to increase engagement between the United States and Cuba, and in line with the Administration’s policy, on March 16, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended the existing Cuban Assets Control Regulations (Cuba Sanctions Regulations) in three … Continue Reading

The Next Modest Wave of Cuba Thaw—U.S. Eases Restrictions on Exports, Export Trade Financing, and Artistic Productions

On Jan. 27, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) once again amended the existing Cuban Assets Control Regulations (Cuba Sanctions Regulations) to open the door for further U.S. engagement with Cuba. The amendments remove certain restrictions on the financing of exports to Cuba as well as restrictions on … Continue Reading

FCC Proposes to Relax Limitations on Telecom Service to Cuba

On Nov. 24, 2015, the U.S. Federal Communications Commission (FCC) released a public notice inviting comments on its proposal to remove Cuba from its Exclusion List.  If implemented, Cuba’s removal from the Exclusion List would allow U.S. telecommunication carriers to provide facilities-based telecommunications services from the United States to Cuba without first obtaining a separate … Continue Reading

U.S. Allows Additional Trade and Business with Cuba

Amendments Implement Additional Changes Laid Out by President Obama on Dec. 17, 2014 On Sept. 21, 2015, the U.S. Government further amended the existing Cuba-related regulations to allow for certain additional types of travel and the establishment of physical business premises in Cuba. The amendments also remove certain restrictions on remittances, financial transactions, and exports … Continue Reading

Franchising in Cuba – The Next Frontier?

On Jan. 16, 2015, following an announcement made by President Obama on Dec. 17, 2014 of a plan to ease the U.S. trade embargo and restore diplomatic relations between the U.S. and Cuba, the U.S. Department of Commerce’s Bureau of Industry and Security (the Commerce Department) and the U.S. Department of Treasury’s Office of Foreign … Continue Reading

U.S. and Cuba to Re-establish Diplomatic Relations

Further to President Obama’s initial announcement in December 2014 of planned restoration of diplomatic ties on July 1, 2015, President Obama and Secretary of State John Kerry announced that the United States will restore formal diplomatic relations with Cuba and specifically that embassies will be re-established in Washington and Havana after more than 50 years. Uncertainty … Continue Reading

Cuba to Be Removed from U.S. State Sponsors of Terrorism List

On April 14, 2015, President Obama announced the removal of Cuba from the U.S. list of State Sponsors of Terrorism, a move that will allow the elimination of certain economic sanctions and pave the way for the restoration of diplomatic relations between the United States and Cuba. In this GT Alert, the authors discuss the … Continue Reading

U.S. Amends Cuba Regulations to Allow Additional Trade

On Jan. 16, 2015, the U.S. Government will amend the existing Cuba-related regulations allowing certain types of travel, remittances, financial transactions and exports to Cuba. The regulations will be effective immediately upon publication of the Jan. 16, 2015 notice. The regulations implement President Obama’s Dec. 17, 2014, announcement of a policy change with respect to … Continue Reading

Obama Announces Plans for Overhauling Cuba Embargo

On Dec. 17, 2014, President Obama announced plans for an historic overhaul of the U.S. embargo against Cuba. Among other changes, the president’s announcement indicated that significant developments are expected in the current U.S. restrictions on Cuba-related travel, financial transactions, export and import regulations, and telecommunications. Importantly, the changes announced by the White House are … Continue Reading
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