The past few months have been loaded with bits and pieces of information regarding travels to Cuba, and the normalization of our relationship with the next door neighbor. As our partnership with the country continues to improve, it is imperative for us to become familiar with Cuban legislature and its laws. It has been over 50 years since the Cuban Embargo was put in place, and establishing appropriate channels to exchanging legal information and policies will be very helpful towards tourism between both countries.
The Florida Bar Association is sponsoring a group of 37 lawyers to fly to Havana this week and attend a four day seminar. The objective of this trip will be for US attorneys to become familiar with Cuba’s legal system and politics. Given the overwhelming numbers of travels that are planned to happen in the next few years, this council will also look at the economic state of Cuba and bring back these important findings.
The four day excursion will also focus on the understanding of foreign organizations operating in Cuba, and the legal ramification that will follow their establishment. The attorneys will also become familiar with specific regulations regarding investment opportunities, and business dealings. During this trip the attorneys will also be meeting with their counterparts from the Cuban Bar Association, as well as state officials. These exchanges will place light on a lot of inquiries US companies have about owning land or establishing businesses in Cuba. Topics on telecommunications and banking, as well as the supply of water and electricity are some of the most immediate questions investors would like to know. On a lighter note, the 37 lawyers will also be able to tour some of the country’s historical establishments, such as the Museum of Cuban Art and have a performance of Cuban music and dance.
Cuba is taking a cautious response in relation the US inquiries and interests. Given that there are no private practices all commercial opportunities have to pass through government- run entities.
from Derek Byrd’s Law Blog Derek Byrd’s Latest Law Blog Post http://ift.tt/1B0hxhz