Publish in Special Reports - Wednesday, April 29, 2015
Les Carnegie, a partner in the Washington, D.C. office of Latham & Watkins, who heads the firm’s Export Controls, Economic Sanctions & Customs Practice. (Photo: Latham & Watkins)
Jose Astigarraga, Astigarraga Davis; Uriel Mendieta, Hunton & Williams and Alejandro Peña-Prieto, Squire Patton Boggs. (Latinvex collage)
Recent US changes spur more Cuba interest among US law firm clients.
BY JOACHIM BAMRUD
US law firms are seeing more interest in Cuba among clients after a recent relaxation of rules, but say most clients are still cautious in light of the US embargo remaining in place.
Meanwhile, arbitration clauses will likely be key to any investments in Cuba, which is still considered a closed economy, lawyers say.
“While there’s been a lot of interest, there’s also a lot hesitation among US business, because there’s still a lot of grey areas around some of the permissions found in the amended regulations,” says Les Carnegie, a partner in the Washington, D.C. office of Latham & Watkins, the largest US law firm in revenues, according to the 2015 AmLaw 100 from American Lawyer. “The makeup of the US embargo against Cuba is complicated – it’s a patchwork of ...
Keywords: Astigarraga Davis, Gowlings, Haynes and Boone, Holland & Knight, Hunton & Williams, Latham & Watkins, Squire Patton Boggs