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Squeezing Cuba

Title:

Squeezing Cuba

Published: Mon, 28 Sep 2009

Description: Castro victims stepping up efforts to collect judgments

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Automatically Generated Transcript (may not be 100% accurate)

" Over the years US judges have awarded millions of the families of Fidel Castro's victims -- collecting on those judgments a lot easier said than done. Now that diplomatic relations between the US and Cuba are starting to fall on the -- is arguably. Some are stepping up efforts to collect by going after trademark rights to luxury brands owned and produced by the Cuban government. Phil Keating five -- story out of Miami we're. The story is no hotter than in Miami good morning there how many Cuban Americans target went over and company --"

" Well they could do it thanks -- 2002 law known as Korea the terrorism risk insurance act which allows. Americans to collect judgments against sovereign nations so. If -- country -- US state department's list of nations that sponsor terrorism as Cuba does. Then these Cuban Americans feel they can sue and try to obtain their trademarks of these world famous brands. For items that are sold all around the world but not domestically because of the US trade embargo so this is a way of them squeezing the Cuban government unassuming and and if that's the case how exactly would this work will. Well one Cuban American family recently won a 100 million dollar judgment -- Florida State court. That awarded that judgment void collective one million so far. But if this goes in the federal court as it is going to -- next month that it federal court decides yes this is allowable. Then -- with the judge -- like that would create like at frost and then seize the trademark that's owned by the -- government auction it off. Here in the united states of the highest bidder. And then that person would most likely distribute some of that money that they pay for the trademark to the family that's do the judge okay so. You did. Via bargains still in place there. I mean common enormity of Barack Yvonne I'm what you layout here -- of this depends on the end of that embargo. Trademark law experts say it's really depended on that embargo finally going away so this is actually something that could. Wait years and years down the road before anything actually happens but if the US -- federal courts do allow this to happen. Trademark law experts say that European Union and the World Trade Organization. Would most likely also get involved. Because typically nations respect each --"

" And takes years and years and have been waiting years and years and at this point decades and decades for something to change. -- case in Miami thanks -- Martha."

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