RE:RE:Contrarian is Right!mas75 wrote: I don’t disagree. This is why I continue to hold, and add a little occasionally.
IMO trump is weighing on the SP this time around, with his decision not to suspend the right of US firms to sue companies that operate in Cuba with oreviouslybexpropriated American assets. If trump escalates further, Sherritt could be a potential target of lawsuits. Btw, trump is the first president since Helms-Burton went into effect in 1996 to do this, and I am hopeful that cooler heads prevail and the rest of the world convinces the USA to reconsider their actions.
If he doesn’t, it could devastate Cuba’s economy and people, as well as countless European and Canadian companies for little gain to the States or the American firms.
jmho,
mas75
Aside from Helms-Burton being a law that likely is illegal by international standards there is no clear path that I can see that would allow them to take action against Sherritt. Sherritt has no assets in the US that could be affected by title III. Any court ruling in the US would not be enforceable in a Canadian court . "When Helms-Burton was enacted, Canada responded in part by amending the Foreign Extraterritorial Measures Act (FEMA) to block the operation of Title III in Canada. Under those amendments, judgments of U.S. courts under Title III are neither recognized nor enforceable in Canada and Canadians may counter-sue in Canadian courts to recover any losses suffered from a Title III judgment." https://www.mondaq.com/canada/x/778630/international+trade+investment/Potential+Revival+Of+Controversial+US+Cuban+Claims+Law+Creates+Risks+For+Canadian+Companies