Earlier this month, President Obama announced historic changes to U.S. policy and relevant regulations regarding diplomatic engagement, travel and trade with Cuba. The White House’s new policy represents the most dramatic shift in U.S. policy to Cuba since the enactment of the embargo in 1961. As a result of this new policy, a number of sectors of the U.S. economy are likely to see new opportunities in Cuban trade. As companies look to Cuba or other countries in the region, they need to carefully consider the commercial and legal risks of entering new markets. The measures, which are subject to adoption of new regulations, include, among other things, changes to U.S. policy on travel to Cuba, trade and commerce, and financial transactions. 

This alert outlines the implications of these developments for U.S. businesses. To read the alert, click on the PDF linked below.

US-Policy-on-Cuba-Could-Create-Business-Opportunities.pdf

As part of its Americas Practice Group, Haynes and Boone has formed a Cuba Team focused on international regulatory, transactional and dispute related areas to help clients monitor and prepare for new opportunities related to trade with Cuba. Haynes and Boone serves clients from 12 offices with more than 50 members in its Americas Practice Group and is recognized by industry observers such as Chambers and Partners, Latin Lawyer, and Latinvex as having one of the leading Latin American practices. We have worked in more than 30 jurisdictions in the Caribbean/Latin America and through such work we have developed a strong network of Latin American law firms.

If you have any questions, please contact the Haynes and Boone lawyer with whom you regularly work or any of the following lawyers in the firm’s Americas Practice Group.

This information is provided by Haynes and Boone, LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.