Cuban Economy

Cuba’s victory in London against Vulture Funds

Cuba’s victory in London against Vulture Funds
Cuba won a lawsuit when the sentence was handed down establishing that the vulture fund CFR Investment Limited is not a creditor of the Cuban State.

Author: Radio Habana Cuba | internet@granma.cu

april 4, 2023 10:04:45

Photo: Granma
Havana, April 4 (RHC) Cuba won a lawsuit when the sentence was handed down establishing that the vulture fund CFR Investment Limited is not a creditor of the Cuban State.
During the hearing held this Tuesday, April 4 (08:45 am in London) in the High Court of England and Wales, Judge Sara Cockerill notified the lawyers of both parties of the ruling corresponding to the lawsuit filed by the vulture fund CRF I Limited against the Republic of Cuba and the National Bank of Cuba (BNC, in Spanish). The determination accepts the approach sustained by the Cuban party during the process and dismisses the CRF claim against the Cuban State.
The judicial resolution confirms that the irregularities committed by BNC officials, first subject to criminal investigation and later to a judicial sentence, were reasonable grounds for the Cuban government to deny its consent to assign the debt in favor of CRF.
The document affirms, as the Republic of Cuba had been claiming, that the BNC does not have the legal capacity or authority to represent the country. This confirms that CRF is a stranger in the financial instruments it claimed against the Caribbean country and did not have the right to establish the claim in London. The Republic of Cuba is, therefore, immune to English jurisdiction and has no obligation to respond with its assets to this claim.
As previously explained, the central purpose of the judicial process was to determine whether the English court was competent to hear the claim of CRF as a creditor of the BNC and of the Republic of Cuba.
According to the sentence notified this morning, CRF is not a creditor of the Cuban State, which means that the Republic of Cuba is out of the lawsuit. From now on the process will continue only against the BNC, which will have the right to establish the claims that English law allows. (Source: Prensa Latina)

Peace Accords

Cuba will host the third cycle of talks between the Government of Colombia and the National Liberation Army

Cuba will host the third cycle of talks between the Government of Colombia and the National Liberation Army.
The Government of Cuba accepted the official request of the Government of the Republic of Colombia and the National Liberation Army to hold the Third Cycle of the Table of Peace Dialogues between these two parties in Havana, Cuba,.

Author: Redaction International | informacion@granmai.cu

march 17, 2023 06:03:55

“Our Government is honored to accept the official request of the Government of the Republic of Colombia and the National Liberation Army (ELN in Spanish) to hold in Havana the Third Cycle of the Peace Dialogue Table, and contribute to achieve the longed-for peace for the sister nation.”
The First Secretary of the Party’s Central Committee and President of the Republic, Miguel Díaz-Canel Bermúdez, tweeted as a reaffirmation of the Island’s willingness to continue as guarantor and alternative venue of the Peace Dialogue Table, as previously agreed in a meeting with the Colombian Minister of Foreign Affairs and Peace, Álvaro Leyva Durán; the Colombian High Commissioner for Peace, Iván Danilo Rueda Rodríguez, and Commander Pablo Beltrán, for the ELN.
In a communiqué, the peace delegations of the Colombian Government and the ELN deeply thanked the Cuban Government and its people for “the unconditional disposition and the fundamental support that, for more than four decades, they have given to the peace building efforts.”
They emphasized that “the permanent and neutral commitment to the reconciliation of Colombians demonstrates, contrary to any claim that would cast doubt on it, that Cuba is a beacon of hope and peace for the rest of the continent.”
“Its people and its government have paid a high cost for this commitment,” reads the document, and also assures that the archipelago “was unjustly included in the list of countries sponsoring terrorism for complying with what was agreed at the beginning of the peace process that summons us today”, for which reason “Colombia recognizes and values this sacrifice.”

Cuban Medical Brigades

Díaz-Canel welcomes the return of the Cuban medical brigade from Türkiye

Díaz-Canel welcomes the return of the Cuban medical brigade from Türkiye
The first secretary of the Central Committee of the Communist Party of Cuba and president of the Republic, Miguel Díaz-Canel greeted the return of the Caribbean nation’s medical brigade that collaborated in Türkiye, after the earthquakes that devastated several areas of that nation last February 6.

Author: Radio Habana Cuba | internet@granma.cu

march 13, 2023 10:03:26

Photo: Ricardo López Hevia
Havana, March 12 (RHC) The first secretary of the Central Committee of the Communist Party of Cuba and president of the Republic, Miguel Díaz-Canel greeted the return of the Caribbean nation’s medical brigade that collaborated in Türkiye, after the earthquakes that devastated several areas of that nation last February 6.
In his Twitter profile, the dignitary wrote: “Welcome back to the Homeland after writing a glorious page of solidarity, altruism, and friendship”.
The members of the ‘Henry Reeve Brigade returned the day before after treating some 3,755 patients in 24 days of work, including 620 children.
In statements to Prensa Latina news agency, the head of this solidarity group, Juan Carlos Dupuy described as timely, professional, and beautiful work carried out by the 32 collaborators from the Antillean nation. (Source: ACN)