Peters & Peters

Partner Anna Bradshaw is quoted in on the EU’s reaction to strengthened US sanctions on Cuba

Concerns over the extraterritorial enforcement of US sanctions increased on Thursday as the EU pledged to shield European firms from US lawsuits based on dealings with expropriated American property in Cuba. Partner Anna Bradshaw said that the US administration’s activation of Title III of the Helms-Burton Act signalled a hardening of its position on Iran, Venezuela and Cuba, adding: “the U.S. government doesn’t intend to row back from the very aggressive position they’ve taken in recent months, and, as a result of that mood on the policy front, everyone is gearing up for equally aggressive enforcement.  Anyone with U.S. assets is obviously at risk of having those assets targeted in attempts to enforce an award under Helms-Burton.”  Read more