The US Supreme Court agreed to wade into Cold War history Friday by granting an appeal from Exxon over the Cuban government’s confiscation of an oil refinery and other property Fidel Castro’s regime seized shortly after taking power.
The court also said it would decide a case involving an American company that claims the world’s largest cruise lines owe hundreds of millions of dollars for using a dock it built more than a century ago in Havana.
By the late 1950s, Standard Oil Company – later renamed Exxon Mobil Corporation – had extensive operations in Cuba, including the refinery, multiple product terminals and 117 service stations, all of which were taken by the Castro government and folded into two state-owned enterprises.
For decades, Exxon and other American companies have been blocked from suing for compensation in US courts.
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