Like similar financial districts, distributed in an area of approximately two square kilometers, this building was the epicenter of what came to be called at the time of its greatest splendor, the Old Havana Banking District. It was a kind of tropical New Yo... More »
In a televised address to the nation, Cuban President Miguel Díaz-Canel, in the presence of Raul Castro, First Secretary of the Communist Party, made the announcement that the country will begin the currency unification process on January 1, 2021. The Official... More »
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 »
Please note: this article was published on December 28, 2019 and is now outdated. Currency unification will actually take place on January 1, 2021. Read about the new currency unification, January 1, 2021 here. In spite of rumors in the press, currency unifica... 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’s visit to Cuba, the Commerce Department’s Bureau of Security and Industry (BIS) and Treasury’s Foreign Assets Control Office (OFAC) made amendments to Export Admin Regulations (EAR) and the Cuban Asset Control Regulations (CACR). Thes... 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 »
