What impact, potentially, does the Helms Burton Act have on MAYs ability to exploit its Cuba projects without itself facing sanctions or court proceedings against it?
For example, Block 9. Was B9 ever held by a US citizen or Cuban exile?
I’m sure we could all find many examples that MAY needs to navigate. Many Cuban tankers are sanctioned. How does this affect any possibility of refining B9 product in Mexico?
Cubas refineries are sanctioned by the US.
I feel the HBA is something that should be queried.
HELMS-BURTON ACT Despite vigorous opposition from the main trading partners of the United States, including the European Union and Canada, the Helms-Burton Act was signed into law by Congress on March 12, 1996. The law extended sanctions to all non-U.S. companies that did any business with Cuba, and allowed U.S. citizens (including naturalized Cuban exiles) to sue foreign companies for dealing in confiscated U.S. property in Cuba.
MAY Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
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