Replies to post #1333 on Francisco Industries, Inc. (FRAZ)

[deet49]

Absolutely following the issue as a whole and how its applied direct, indirect in the peripheral its all relevant in the courts internally, externally it all matters ...

gets more exciting than ever but sure your well aware thanks for the question Lindy

Litigation related to the application of Title III of the Helms-Burton Act (Cuba)

Several EU persons and companies reported that they received a notice of intent to start an action before US courts under Title III of the Helms-Burton Act.

These notices were sent by US persons or companies claiming that EU companies had engaged in ‘trafficking’ of expropriated properties in Cuba. They generally inform the EU company that legal action will be initiated unless the recipient of the notice immediately ‘ceases to traffic’ in the property. The Commission was also notified of the start of formal proceedings before US courts.

In this regard, courts in the US on two occasions accepted to stay the proceedings while the EU defendant requests authorisation from the Commission. The Commission is currently assessing an application for authorisation in such a case.

Administrative proceedings in the United States under Title IV of the Helms-Burton Act (Cuba)

A few individuals reported that the US Department of State had informed them of the start of, or the intention to initiate, proceedings under Title IV of the Helms-Burton Act. Title IV allows the US Department of State to deny entry to US territory to any foreign natural person and their families whom the Department of State recognises as having ‘trafficked’ in confiscated property in Cuba claimed by US nationals. The individuals targeted are managers or high-level employees of companies accused of ‘trafficking’ in confiscated US properties. The Commission is also aware that certain EU citizens and their families have been barred from entering the US on these grounds.