Government undertakes to defend Spanish companies trading in Cuba

President Trump has activated the Helms-Burton Act Credit: Mark Reinstein Shutterstock

IT is no secret that since the reduction in tension between the USA and Cuba during the Obama administration that the Spanish Government has been encouraging companies to become involved in the Cuban economy.

Now, that Donald Trump has activated the 1996 Helms-Burton Act, there is a possibility that Spanish companies may be sued for their activities within the Caribbean nation.

There may be as many as 16 Spanish companies including Iberostar, Melia, BBVA bank which could be targeted but Spain has warned that it will challenge any and all lawsuits that may arise.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing, by calling +34 951 38 61 61 or by messaging our Facebook page