“We urge you not to let this historic moment pass again, we expect a positive response and a commitment from you,” says the CRF letter. April 29, 2021
“Cuba may go from being in default with commercial creditors to regaining access to willing lenders in global financial markets,”
“We are losing patience. If [Cuba] wants to regain access to the international financial market, it has to fix this.”
h ttps://translatingcuba.com/the-london-club-offers-the-cuban-government-a-lifeline-with-debt-relief/
good thing this is not Europe but I think this best and final last chance offer before they go Helms Burton full on Embargo style on them?
The plaintiffs said they own a claim to 10.5% of the equity in Banco Nacional de Cuba, roughly the percentage that Banco Nuñez represented when it was seized. Lawyers for the plaintiffs at Kozyak Tropin & Throckmorton based the $792 million damages estimate on Banco Nuñez’s $7.8 million worth at the time, plus 6% annual interest and triple damages under the Helms-Burton Act, a 1996 federal law.
zero discounts for United States certified claims opening bid is certified amount plus 6% per year for 60 year or Inflation adjusted which ever is greater X3 for trebling ..... Go USA
AI
