That trial was about four issues: whether CRF could sue in the UK; whether the debts were properly transferred to the investment fund; whether the central bank could be sued; and whether the Cuban government was a guarantor on the debt and could be sued as well.
Lawyers for CRF said the fund can now proceed to a trial to determine whether it can recover "the sovereign debt that in unequivocally owns.This trial was seen as a test case. CRF owns more than $1 billion in face value of Cuba's defaulted debt. If CRF were to win on this small slice of Cuba's total outstanding commercial debt, estimated at $7 billion, it could lead to lawsuits from CRF other debt holders.
If Cuba is ever to reenter the international capital markets, it will have to settle many outstanding debts.
Fidel and Raul Castro were the original pirates of the Caribbean. The Castros live like royals while Cubans struggle to eat.
BrunoRguezP USEmbCuba CanEmbCuba CanadaFP
god is really a dead man and the truth is god is king David, the Bible was interpreted wrong, jesus Christ is king David son
As the late PM Thatcher said, the problem with socialism is that you eventually run out of the other person's money. Maybe certain members of Congress should read this......
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