Western Union announced this week that it has resumed limited remittance services between the United States and Cuba. The pilot program allows for money transfers of up to $2,000 a day. “It is with great pleasure we announce the resumption
Duane Morris on Cuba, Puerto Rico & The Caribbean
Duane Morris on Cuba, Puerto Rico & The Caribbean is a blog published by Duane Morris LLP that focuses on legal and regulatory developments affecting business and trade in Cuba, Puerto Rico, and the broader Caribbean region. The blog covers topics such as U.S. sanctions and licensing procedures, cross-border transactions, travel regulations, and emerging commercial opportunities including joint ventures and imports. It also addresses sector-specific issues like agricultural exports, financial services, and biotechnology collaborations between the U.S. and Cuba. The content is aimed at providing updates on evolving legal frameworks and practical guidance for entities engaged in or considering activities in these jurisdictions.
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Latest from Duane Morris on Cuba, Puerto Rico & The Caribbean
Biotech Venture Between U.S. and Cuba to Develop New Cancer Treatments
New York Governor Andrew Cuomo recently announced the formation of the first-ever biotech venture between the U.S. and Cuba. Buffalo-based Roswell Park Comprehensive Cancer Center and Havana-based Centro de Inmunología Molecular (CIM) formed Innovative Immunotherapy Alliance S.A. to develop pioneering immunotherapies…
Effectiveness of Licensing Procedures for Agricultural Commodities to Cuba
The Bureau of Industry and Security (BIS) is requesting public comments on the effectiveness of its licensing procedures for the export of agricultural commodities to Cuba. The comments must be in writing and received by October 17, 2018. BIS requests…
U.S. Announces New Rules on Cuba Travel and Transactions
By Duane Morris
The U.S. Departments of Treasury, Commerce and State are publishing amended regulations in the Federal Register on November 9, 2017, which take effect immediately. The amendments implement President Trump’s June 2017 National Security Presidential Memorandum regarding Cuba. The regulations affect…
FIRST LEGAL CARGO FROM CUBA IN MORE THAN HALF-CENTURY ARRIVES IN THE U.S.
Yesterday, the first legal cargo from Cuba in more than 50 years arrived in the United States. Two containers containing 40 tons of artisanal charcoal arrived by sea at Port Everglades in Fort Lauderdale. The charcoal, made from Cuban marabu,…
Obama Administration Promotes Expanded Opportunities With Cuba.
On Friday, October 14, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS) issued new amendments to the Cuban Assets Control Regulations (CACR) and Export…
Licensing Procedures for Agricultural Commodities to Cuba
The Bureau of Industry and Security (BIS) is requesting public comments on the effectiveness of its licensing procedures for the export of agricultural commodities to Cuba. BIS is an agency of the United States Department of Commerce that implements U.S.…
Americans May Now Legally Smoke Cuban Cigars, But Only Outside the U.S.
The Obama administration has decriminalized smoking Cuban cigars while traveling abroad. Americans can now enjoy their favorite cigars while sunning on a beach in the Bahamas or relaxing in the Tuscan countryside without fear of criminal prosecution. Consumption of Cuban rum…
U.S. Relaxes Cuba Sanctions Ahead of President Obama’s Historic Trip to Havana
Days before President Obama makes a historic trip to Havana, the Department of the Treasury and the Department of Commerce announced a further loosening of restrictions on travel and trade with Cuba. The changes make it easier for Americans to…
Top Ten Reasons for U.S. Companies to Protect Brands in Cuba Now: Part II
This blog post is Part II of a two-part series on strategic business reasons to seek protection of trademarks in Cuba now. Read Part I here. The Opening Of U.S. Travel And Tourism In Cuba Means More Americans In Cuba Who…