US Supreme Court boosts Exxon's bid to get compensation from Cuba
Justice Brett Kavanaugh wrote the 6-3 ruling, and Exxon says the seized Cuban assets were valued at nearly $72 million.
- On Tuesday, the Supreme Court ruled 6-3 that Exxon Mobil may sue state-owned Cuban oil companies for properties confiscated by Fidel Castro's regime more than 65 years ago.
- This litigation centers on the 1996 Helms-Burton Act, which allows Americans to sue over confiscated assets; President Donald Trump lifted the suspension of that law's Title III provision in 2019.
- Standard Oil Company, later renamed Exxon Mobil Corporation, lost more than 100 service stations and a refinery in the 1960 seizure; assets were valued at nearly $72 million in 1969, worth around $3 billion today.
- The decision reverses a lower-court ruling that found Cuban state-owned companies immune from lawsuits, aligning with the Trump administration's broader pressure campaign against Cuba's government.
- This ruling marks the second time in two months the Supreme Court has favored U.S. property owners in Cuba, following a similar decision allowing lawsuits against cruise lines that docked at Havana's pier.
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On Tuesday, the US Supreme Court held that companies based in the United States could sue Cuban public companies exploiting assets expropriated after the Castrist revolution, giving satisfaction to the oil group ExxonMobil.
The United States Supreme Court paved the way on Tuesday (23) for American companies to seek compensation from the Cuban government for properties confiscated decades ago under Fidel Castro, ruling in favor of ExxonMobil in a lawsuit against the Cuban state-owned Corporación Cimex. By a vote of six to three, the Supreme Court affirmed that so-called foreign sovereign immunity - a legal principle that generally prevents lawsuits in the US against…
The Columbian
Supreme Court OKs ExxonMobil lawsuit over Cuban property seized by Fidel Castro’s government
WASHINGTON — The Supreme Court on Tuesday ruled that ExxonMobil can sue Cuban state-owned companies in American courts over property on the island nation that was seized after Fidel Castro took power.
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