This is developmental," said Antonio C. Martinez II, head of the Cuba-Latin America Trade Group at Gotham Government Relations...
The Guardian: Banks not rushing to Cuba as fear of entering a legal minefield still lingers GalleryAnnouncements, Antonio C. Martinez II, Civil Law, Cuba, Cuba Trade Group, Government, Latest News, Media, Print, small business
Once again, the international press consults with Gerstman Schwartz Malito Partner Antonio C. Martinez II on the developing historical events surround U.S. - Cuba Relations..From The Guardian...Off the terror list, Cuba represents a less risky proposition but for bankers it’s been tough to get over the hefty fines that once came with violating sanctionsBarack Obama’s decision to remove Cuba from the state sponsors of terror listafter 30 years is many things: a symbol of the cold war’s end, a negotiating tactic to dispel distrust, and – most practically – an assurance to bankers wary of rushing into a legal minefield.Nearly four months after Obama and Cuban president Raúl Castro announced a historic rapprochement and a softening of sanctions against doing business on the island, few companies have tried to take advantage of the changes. Lodging company Airbnb set up with locals and streaming site Netflix made a mostly symbolic entrance there, but the most powerful forces in finance, the banks, have watched from afar for fear of getting caught up in a web of sanctions.The bankers have cause to be concerned. The US has actively pursued banks who violate sanctions agreements, in 2009 forcing Credit Suisse to pay a $536m settlement for its dealings with Cuba, Iran and others, and then drawing a $8.9bn fine from BNP Paribas last year for working with Sudanese clients. Cuba, Iran, Sudan and Syria are the only nations on the state sponsors of terrorism list. Also last year M&T Bank, the only institution that had been available to Cuban diplomats in Washington, suspended that service.“You really had an enormous exposure to that risk, from US regulators who have imposed very substantial fines on financial institutions,” said Pedro Freyre, an [...]
Gotham Government Relations & Communications and Latin American trade attorney Antonio C. Martinez II. Esq were featured in the April 13 lead story in City and State Magazine on Cuba,
On April 11, 2015, Mr. Obama and President Raúl Castro of Cuba met in the first face-to-face discussion between leaders of the two countries in a half-century.
Gotham Government Relations & Communications and Antonio Martinez, Esq. call on Governor Cuomo to open New York ports to Cuban exports and support efforts for full normalization of diplomatic and trade relations between the United States and Cuba.
Cuba Trade Group: The Legal Art of The Cuban Business Deal Now and in the Future. GalleryAnnouncements, Antonio C. Martinez II, Brad Gerstman, Cuba, Cuba Trade Group, David Schwartz, Government, Latest News, Media, Perry Ochacher, Politics, small business
We have enlisted the help of skilled professionals with experience in Latin American trade law, and deep knowledge about Cuban economics, politics and government, to help our clients better understand and navigate the complex, unfolding process, that will eventually present many opportunities in Cuba.