Date: 12 March 2015, 3.00pm-5.30pm
Venue: Bird & Bird LLP, 15 Fetter Lane, London EC4A 1JP
In light of the recent policy changes announced by the US government in December 2014, the Cuba Initiative organised a practical business seminar in partnership with Bird & Bird to discuss the key economic issues relating to Cuba essential for any company wishing to explore opportunities in Cuba to understand.
Dr Emily Morris, Honorary Research Associate at the UCL Institute of the Americas who is a leading expert on the Cuban economy provided an overview of the key developments in Cuba’s economic reform process, including the possible implications on business of the planned convergence of Cuba’s dual currency.
Mr Hermenegildo Altozano, Partner at Bird & Bird with a long history of advising companies in Cuba, provided an update of the current investment climate in Cuba and explained opportunities in the new Cuban investment law.
Our third speaker, Mr Robert Muse, a Washington DC-based lawyer with expertise in US laws relating to Cuba who has advised major corporations on this subject, talked about the current pace of loosening of US sanctions, the Office of Foreign Assets Control (OFAC) and Department of Commerce changes, anticipated future changes in US policy and the implications for the US embargo, and what this all means in practice for businesses.
There was an opportunity for questions and answers to discuss these and broader economic issues in detail and the seminar was followed by a networking reception.
Agenda: Is Business with Cuba Normalising?
3.00pm: Welcome and introductions
Lord Hutton, Chairman of the Cuban Initiative:
3.05pm: Cuba’s economic reform process: what business needs to know including the implications of the end of Cuba’s dual currency system
Dr Emily Morris, Honorary Research Associate, UCL Institute of the Americas
3.20pm: The investment climate in Cuba and the new investment law
Mr Hermenegildo Altozano, Partner, Bird & Bird
3.35pm: The loosening of US sanctions: what the OFAC and US Department of Commerce changes really mean, anticipated future changes in US policy and the implications for the US embargo
Mr Robert Muse, Law Offices of Robert Muse:
3.50pm: Questions and Answers and open discussion
4.30pm: Networking Reception
This event was in partnership with Bird & Bird.