As President Obama prepares to remove Cuba from the U.S. list of state sponsors of terrorism, Republicans in Congress decided against fighting this move with a bill and instead will concentrate on other Cuba legislation related to human rights and national security.
With a challenge no longer looming, “people began to analyze their business opportunities in Cuba more seriously,’’ said attorney Andy Fernández, who heads Holland & Knight's Cuba Action Team. “Now one of the first barricades has been lifted. But any transaction with Cuba still needs to be analyzed to see if it is prohibited by the embargo. This will be a slow process; it will not be an overnight sensation."
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