CUBA ALERT: Amendments to the Cuban Assets Control Regulations Recently Changed

New York, New York, January 27, 2016 (Newswire.com) - Yesterday, the U.S. government announced a further easing of restrictions on financing exports to Cuba in an ongoing effort to further support the President's ongoing rapprochement with Cuba.

According to the U.S. Department of Commerce’s January 26th release, "Commerce and Treasury Announce Further Amendments to the Cuba Sanctions Regulations”, the new amendments will:

• “Remove existing restrictions on payment and financing terms for authorized exports and reexports to Cuba of items other than agricultural items or commodities”
• “Establish a case-by-case licensing policy for exports and reexports of items to meet the needs of the Cuban people, including those made to Cuban state-owned enterprises”
•  “Further facilitate travel to Cuba for authorized purposes by allowing blocked space, code-sharing, and leasing arrangements with Cuban airlines”
• “Authoriz(e) additional travel-related and other transactions directly incident to the temporary sojourn of aircraft and vessels”
• "Authoriz(e) additional transactions related to professional meetings and other events, disaster preparedness and response projects, and information and informational materials, including transactions incident to professional media or artistic productions in Cuba”

Join your peers from Google, Kwik Lock Corporation, Universal Weather and Aviation, UTC, Verizon, Western Union and more for a deeper understanding of Cuba’s rapidly evolving legal framework at Momentum and Knowledge@Wharton’s 3rd U.S.-Cuba Corporate Counsel Summit, taking place at the Convene Midtown East in New York City on March 15.

Key topics to be addressed include:

• Import/Export, Joint Ventures, Partnerships, Alliances and Contract Law in Cuba
• Ensuring Compliance with Key U.S. Regulations Before Entering the Market
• Uncovering License Exceptions: An Update on the Treasury and Commerce Department’s Regulatory Amendments to Cuba Sanctions

The last event sold out. Learn more about the Summit by downloading the brochure. To secure your registration please visit our website, call (646) 807-8555 or email [email protected]. 

More information about the portfolio of Cuba events can be found at www.uscuba.events.

About KNOWLEDGE@WHARTON
Knowledge@Wharton is the online business analysis journal of the Wharton School of the University of Pennsylvania.  The site, which is free, captures relevant knowledge generated at Wharton and beyond by offering articles and videos based on research, conferences, speakers, books and interviews with faculty and other experts on global business topics.

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Momentum contact:
Ben Greenzweig
Co-CEO
Momentum
[email protected]