U.S. lifts ban on U.S. lawsuits against foreign firms in Cuba on May 2: Pompeo

[Original Post] FILE PHOTO: U.S. Secretary of State Mike Pompeo testifies before a Senate foreign Relations Committee hearing on the State Department budget request in Washington, U.S. April 10, 2019. REUTERS/Erin Scott/File Photo WASHINGTON (Reuters) – The United States on May 2 will lift a ban on U.S. lawsuits against foreign firms doing business in […]

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[Original Post]

FILE PHOTO: U.S. Secretary of State Mike Pompeo testifies before a Senate foreign Relations Committee hearing on the State Department budget request in Washington, U.S. April 10, 2019. REUTERS/Erin Scott/File Photo

WASHINGTON (Reuters) – The United States on May 2 will lift a ban on U.S. lawsuits against foreign firms doing business in Cuba, Secretary of State Mike Pompeo said on Wednesday.

“Any person or company doing business in Cuba should heed this announcement,” Pompeo said at a news conference. The major policy shift could expose U.S., European and Canadian companies to legal action and deal a blow to Cuba’s efforts to attract more foreign investment.

Reporting by Doina Chiacu

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