Doing Business in Cuba: Navigating the Evolving Sanctions Landscape, Leveraging New Opportunities
Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
- work Practice Area
International
- event Date
Tuesday, April 12, 2016
- schedule Time
1:00 PM E.T.
- timer Program Length
90 minutes
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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This CLE course will provide guidance for counsel to U.S. companies considering doing business in or with companies in Cuba. The panel will review sanctions that have been lifted and those that remain in place. The panel will also discuss how to ensure compliance with sanctions and customs requirements in order to take advantage of potential business opportunities in Cuba.
The Cuban market is opening up and becoming more accessible to U.S. companies and Americans. U.S. companies are seeing new opportunities in Cuba as a result of changes in several sectors in particular. In Jan. 2016, the Office of Foreign Asset Control (OFAC) amended the Cuban Assets Control Regulations (CACR) to ease restrictions on travel, financing and more.
In corresponding actions, the Bureau of Industry and Security (BIS) revised the Export Administration Regulations (EAR) to create a more favorable environment for exports of U.S. origin goods to Cuba, including for items related to telecommunications, air transportation, and certain infrastructure projects.
Despite the easing of sanctions and opening of significant new opportunities, counsel to companies moving forward with investment in Cuba-related ventures must understand the continuing hurdles and steps necessary for compliance.
Listen as the panel explains the many changes to U.S. sanctions and export controls on Cuba and what those changes mean for U.S. companies, including their non-U.S. affiliates. The panel will also discuss best practices for navigating this new regulatory landscape.
- Changes to OFAC and BIS regulations
- Background on OFAC regulations on Cuba
- Chronology of changes
- Details of January 2016 amendments
- Background on BIS regulations related to Cuba
- Chronology of changes
- Details of January 2016 amendments
- Background on OFAC regulations on Cuba
- Leveraging new opportunities
- What U.S. companies and persons can/cannot do
- Role/involvement of non-U.S. companies
- Compliance best practices
The panel will review these and other key issues:
- What business activities are permissible for U.S. companies with respect to Cuba? How does the lifting of sanctions provide new opportunities for U.S. businesses?
- What policy has been established for export and re-export to Cuba by BIS?
- What steps should companies take to promote OFAC and export control compliance with respect to Cuba?
