Search results for: london trial debt

Cuban Regime Disguises as a Victory its Defeat in the London Trial for the National Bank of Cuba Debt

14ymedio, Madrid, 4 April 2023 — The High Court of Justice in London ruled on Tuesday in favor of the investment fund CRF I Limited by recognizing its rights to a debt of 72 million euros contracted by the Island, although it has released the Cuban State from its direct responsibility. Judge Sara Cockerill has … Continue reading “Cuban Regime Disguises as a Victory its Defeat in the London Trial for the National Bank of Cuba Debt”

The First Effects of the London Trial’s Verdict on Cuba’s Debt

14ymedio, Elías Amor Bravo, Economist, 5 April 2023 — On January 23, a trial began in the British High Court of Justice for a debt claim of the CRF I Ltd. fund (plaintiff) against the National Bank of Cuba and the Republic of Cuba (defendants). A trial that, as expected, was not going to have … Continue reading “The First Effects of the London Trial’s Verdict on Cuba’s Debt”

The Trial on Cuba’s Sovereign Debt in London, in Five Questions

EFE (via 14ymedio), London, February 3, 2023 — The trial in London of the  claim for non-payment of the CRF I investment fund to the National Bank of Cuba (BNC) and the Republic of Cuba for 72 million euros (78 million dollars) of public debt went to trial on Thursday. 1. What will be decided … Continue reading “The Trial on Cuba’s Sovereign Debt in London, in Five Questions”

President of the Central Bank of Cuba Insists that the Lender CRF Did Not ‘Legally’ Acquire Cuba’s Debt

EFE (via 14ymedio), London, 25 January 2023 — During the trial in London on Wednesday, the president of the Central Bank of Cuba (BNC), Joscelín Río Álvarez, said that the CRF investment fund “did not legally acquire the Cuban debt,” according to the country’s legislation and does not appear on the institution’s registers. As a … Continue reading “President of the Central Bank of Cuba Insists that the Lender CRF Did Not ‘Legally’ Acquire Cuba’s Debt”

Cuba’s Umpteenth Negotiation With the Paris Club for Non-Payments, Meanwhile Luxury Hotels Multiply

14ymedio, Madrid, 31 August 2023 — The future of Cuba’s 4.827 billion dollar debt with its Paris Club creditors is at stake today in Havana. According to the official press, William Roos, co-president of the institution, proposed establishing a new calendar in accordance with Cuba’s ability to pay after expressing that “there is understanding towards … Continue reading “Cuba’s Umpteenth Negotiation With the Paris Club for Non-Payments, Meanwhile Luxury Hotels Multiply”

Keys to Cuban President Diaz-Canel’s Speech at the BRICS Summit

14ymedio, Elías Amor Bravo, Economist, 25 August 2023 — There was expectation about Díaz-Canel’s speech before the G77 and the BRICS gathered in Pretoria during the XV Summit of these countries. A missed opportunity to correct mistakes and and set things straight. Unfortunately, this is not present in the Cuban regime and, therefore, this speech … Continue reading “Keys to Cuban President Diaz-Canel’s Speech at the BRICS Summit”

A Critique of Cuban President Diaz-Canel’s Speech at the Paris Summit

14ymedio, Elías Amor Bravo, Economist, 23 June 2023 — We already know that Cuban President Miguel Díaz-Canel went to the Summit for a New Global Financial Pact in Paris with nothing to offer. At the expense of the meager Cuban budget, basically, he took some souvenir photographs, checked in with friends like Lula and Guterres … Continue reading “A Critique of Cuban President Diaz-Canel’s Speech at the Paris Summit”

Will the Doors of the Cuban Financial System Be Opened to International Banking Like Tourism?

14ymedio, Elías Amor Bravo, Economist, 23 April 2023 — Really, now nothing is understandable at all. Marrero says that the Cuban financial system “must play a more prominent role.” Maybe he didn’t mean to say that, or most likely he ignores what he’s saying. It seems unbelievable that the communists are now demanding that their … Continue reading “Will the Doors of the Cuban Financial System Be Opened to International Banking Like Tourism?”

Cuba: There’s No More Fuel, and Now What Do We Do?

14ymedio, Elías Amor Bravo, Economist, 19 April 2023 — An activity as simple in other countries as arriving in a vehicle to a gas station and filling the tank has become another headache for Cubans who have the privilege of access to cars or any other means of transport. It is no longer just the … Continue reading “Cuba: There’s No More Fuel, and Now What Do We Do?”

Rumors on Social Networks in Cuba Tend to be True

14ymedio, Havana, 13 March 13, 2023 — Since the end of 2020, attacks on freedom of expression have increased, and access to information in the country’s online space has been reduced. The Government blocks social networks and independent media, interrupts mobile data connections and resorts to fake profiles on social networks for its disinformation campaigns, … Continue reading “Rumors on Social Networks in Cuba Tend to be True”

Cuban Government Fires the President of the Central Bank Without Explanations

14ymedio/EFE, Madrid, 16 February 2023 — On Wednesday, the Cuban government dismissed the president of the Central Bank of Cuba (BCC), Martha Wilson González, after four years in office. Her position will be occupied by Joaquín Alonso Vázquez, until now president of the state Exchange Houses (Cadeca). Without giving explanations about this movement, which takes … Continue reading “Cuban Government Fires the President of the Central Bank Without Explanations”

The Cuban Regime’s Defense Begins its Final Arguments Against the CRF Investment Fund

EFE/14ymedio, London, 1 February 2023 — The National Bank of Cuba (BNC) and the Republic of Cuba have begun their final arguments this Wednesday in the trial in London against the CRF investment fund to settle the ownership of the 72 million euro sovereign debt that it claims. Attorney Alison Macdonald has refuted one by … Continue reading “The Cuban Regime’s Defense Begins its Final Arguments Against the CRF Investment Fund”

Diaz-Canel at the Ibero-American Summit: The Failure of a Speech

Elias Amor Bravo, Economist, 22 April 2021 — Bad. Very bad. The first international speech from Miguel Díaz-Canel, from his new position of First Secretary of the Communist Party, as well as president of Cuba, at the forum of the Ibero-American Summit of Heads of State and Government, on April 21, 2021, held in Andorra. … Continue reading “Diaz-Canel at the Ibero-American Summit: The Failure of a Speech”