Big Law Clients Take $440M Hit For 'Trafficking' in Confiscated Property in Cuba
The ruling could have a chilling effect on businesses seeking to expand to Cuba.
January 03, 2023 at 02:33 PM
4 minute read
The original version of this story was published on Daily Business Review
A U.S. federal court judge ordered four Florida-based cruise lines to pay $440 million to a U.S. company under the Helms-Burton Act—the federal law under which businesses can face legal action if they trafficked in property confiscated by Fidel Castro after the Cuban revolution.
Plaintiff, Havana Docks Corp., whose legal counsel included Roberto Martinez, a partner at Colson Hicks Eidson, filed a lawsuit against the defendants, Norwegian Cruise Line Holdings Ltd., Carnival Corp., Royal Caribbean Cruises Ltd. and MSC Cruises SA Co., whose legal counsel was stacked with partners from several Big Law firms.
U.S. District Judge Beth Bloom for the Southern District of Florida. (Courtesy photo) This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
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