Deciphering new Cuba regulations: 5 changes that could prove significant
The most important of the Obama administration's newest regulatory changes, now in effect, allows U.S. businesses to sign contingent contracts or a binding memorandum of understanding. American executives can now negotiate, discuss, and even enter into binding contracts with Cuba, contingent on future authorization or the lifting of the embargo. Attorney Andy Fernandez believes that this change makes Cuba a more attractive proposition to corporate players.
"These latest changes are not just technical in nature," said Mr. Fernandez. "They grant additional authorities and are designed to increase commercial activity with Cuba."