The Cuban government won a ruling on Tuesday that London's High Court has no jurisdiction to hear a lawsuit brought by a creditor over unpaid loans, though the case can continue against Cuba's former central bank.
LONDON (Reuters) - The Cuban government won a ruling on Tuesday that London's High Court has no jurisdiction to hear a lawsuit brought by a creditor over unpaid loans, though the case can continue against Cuba's former central bank. | 09:32am
Havana, Apr 4 (Prensa Latina) President Miguel Diaz-Canel on Tuesday hailed the favorable ruling in favor of Havana by the High Court of England and Wales, which establishes that the vulture fund CFR I Limited is not Cuba's creditor.
Cuba will likely face more suits over billions of dollars’ worth of unpaid commercial debts from the 1980s after a decision by a UK High Court judge.