With more and more protests from Cubans tired of Communism, what would happen on the island if the president gets killed?
Also, what do you think it would take for this communist regime to fall and what do you think Cuba would be like after it falls?
And what are your thoughts on this situation below and how do you think it will affect Cuba? Asking to see what different people think.
https://www.telemundo51.com/noticias/local/gobierno-cubano-enfrenta-litigio-financiero-en-la-corte-real-britanica/2344953/
The article is originally in Spanish but I translated it to English.
Protests Happening Everyday in Cuba:
[media=https://youtu.be/gqvJniVMnHA]
And what are your thoughts on this situation below and how do you think it will affect Cuba? Asking to see what different people think.
Multiple documents registered in court refer to an initial figure of at least 270 million euros in the litigation.
The initial case was presented two years ago, in the British royal court and puts "CRF I Limited", a financial institution registered in the Cayman Islands, against the Cuban government represented by the Cuban National Bank.
The lawsuit says that Cuba owes 70 million euros for loans received from two banks, one Dutch and one Italian. The document refers to the amount of the debt, interest and the date of the apparent initial negotiation.
John S. Kavulich, president of the Economic and Trade Council Cuba - USA, explains that this time "Cubans are taking it seriously, and that is important."
The non-governmental organization follows the litigation very closely. "Cubans have decided to defend themselves this time, something they have not traditionally done, they have hired good and aggressive lawyers in the United Kingdom who are fighting the case," Kavulich confirms.
The situation became complicated in 2021 when the Chinese bank ICBC Standar Bank filed another lawsuit against the island's government for about 200 million euros that - supposedly - Havana owes to one of its branches in the United Kingdom.
"Now you have the Chinese government involved, because if they do not demand a payment from Cuba, then they could be sued by their subsidiary in the United Kingdom," explains the president of the Cuba-US Economic and Trade Council.
Kavulich maintains that if the verdict does not favor the Cuban government and it declines to pay, it could face an international embargo.
"It could be a Cuban plane. It can be a merchant ship. The court can order litigants to seize any international property of the Cuban government," he warns.
But that is the least convenient outcome for everyone, because according to John S. Kavulich, "financial companies can find companies interested in investing in Cuba and can be exempt from taxes. Import taxes can be forgiven."
Nothing will be decided, at least until January 2023, but the scenario is more complicated.
Given this context and the economic crisis facing the Cuban government, experts believe that the court could explore payment options if representatives of Havana continue in the process and reach an agreement.
"There are many mechanisms to satisfy the debt. The question is whether they want to do it or not," Kavulich said.
The initial case was presented two years ago, in the British royal court and puts "CRF I Limited", a financial institution registered in the Cayman Islands, against the Cuban government represented by the Cuban National Bank.
The lawsuit says that Cuba owes 70 million euros for loans received from two banks, one Dutch and one Italian. The document refers to the amount of the debt, interest and the date of the apparent initial negotiation.
John S. Kavulich, president of the Economic and Trade Council Cuba - USA, explains that this time "Cubans are taking it seriously, and that is important."
The non-governmental organization follows the litigation very closely. "Cubans have decided to defend themselves this time, something they have not traditionally done, they have hired good and aggressive lawyers in the United Kingdom who are fighting the case," Kavulich confirms.
The situation became complicated in 2021 when the Chinese bank ICBC Standar Bank filed another lawsuit against the island's government for about 200 million euros that - supposedly - Havana owes to one of its branches in the United Kingdom.
"Now you have the Chinese government involved, because if they do not demand a payment from Cuba, then they could be sued by their subsidiary in the United Kingdom," explains the president of the Cuba-US Economic and Trade Council.
Kavulich maintains that if the verdict does not favor the Cuban government and it declines to pay, it could face an international embargo.
"It could be a Cuban plane. It can be a merchant ship. The court can order litigants to seize any international property of the Cuban government," he warns.
But that is the least convenient outcome for everyone, because according to John S. Kavulich, "financial companies can find companies interested in investing in Cuba and can be exempt from taxes. Import taxes can be forgiven."
Nothing will be decided, at least until January 2023, but the scenario is more complicated.
Given this context and the economic crisis facing the Cuban government, experts believe that the court could explore payment options if representatives of Havana continue in the process and reach an agreement.
"There are many mechanisms to satisfy the debt. The question is whether they want to do it or not," Kavulich said.
https://www.telemundo51.com/noticias/local/gobierno-cubano-enfrenta-litigio-financiero-en-la-corte-real-britanica/2344953/
The article is originally in Spanish but I translated it to English.
Protests Happening Everyday in Cuba:
[media=https://youtu.be/gqvJniVMnHA]
18-21, M
