Spanish lawyer Hermenegildo Altozano is a leading world expert on matters involving foreign investment with Cuba. Since 2011, Mr. Altozano is a partner at Bird & Bird law firm in Madrid. Mr. Altozano is the head of the Energy and Infrastructures practice. He a... More »
In spite of rumors in the press, currency unification (currency reform) is not going to happen on January 1 in Cuba. The process is in the advanced stages of review by Cuban government experts and the Central Bank of Cuba, “to conclude the process of… TO READ ... More »
The eventual legalization of small and medium-sized private companies, together with the strengthening and greater autonomy of municipalities in the new territorial division endorsed by the new Cuban Constitution could become opportunities for investment of re... More »
Cuba has signed an agreement with the Central American Bank for Economic Integration (CABEI) approving the request for entry as a non-regional member. The agreement will fortify Cuba’s relations with countries in the Central American and Caribbean region. Si... More »
It’s safe to say, that at the current time, there’s a massive problem in the existing relationship between Cuba and the big banks. The overlying reason for this is the American embargo/blockade and the genuine fear of the big banks of the enormous fines impos... More »
Cuba’s central bank and U.S. financial institutions are improving working to improve collaboration on matters of remittances and credit cards regardless of legal problems forced by Washington’s blockade again the Island. Prior this year, as a major aspect of h... More »
Prior to President Obama visit to Cuba, the BIS (American Commerce Department’s Bureau of Security and Industry) and OFAC (American Treasury’s Foreign Assets Control Office) made amendments to EAR (Export Admin Regulations) and CACR (Cuban Asset Control Regula... More »
As relations between the US and Cuba evolve, Canadian corporations and banks are moving into Cuba quickly. Scotiabank recently announced its return to the Island, with an office in Miramar. Scotiabank will be offering a wide range of correspondent banking ... More »
