Abstract
On 12th March, 1996, President Clinton signed into law the Cuban Liberty and Democratic Solidarity Act. The Act, better known as the Helms‐Burton bill, intends to increase pressure on the Castro regime by tightening the 35‐year‐old US trade embargo against Cuba. Title III of the Act permits US nationals whose property was expropriated without compensation by the Castro regime to sue foreigners in the US federal court if they benefit from the use of such confiscated property. Title III also contains sweeping language which allows US nationals to sue any US lending institution which finances any type of business activity affecting expropriated property. Further, Title IV requires the revocation of travel visas issued by the US Government to any foreign person who is the officer or controlling shareholder of a foreign corporation which docs business affecting expropriated property in Cuba. These provisions have already angered US trading partners and will almost certainly invite retaliation against US exporters.
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