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Sale, Purchase, or Other Transfer of Certified Cuba Claims Held by U.S. Nationals

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Home Perspectives Sale, Purchase, or Other Transfer of Certified Cuba Claims Held by U.S. Nationals

Introduction

On Wednesday, March 5, 2008, the U.S. Department of Justice issued a notice generated by inquiries to the Justice Department related to the transfer of claims against the Government of Cuba.  The Department is encouraging anyone considering the transfer or purchase of a certified U.S./Cuba claim to contact his or her attorney. 

What are Certified U.S./Cuba Claims?

The United States has had two programs for the adjudication of claims against the Government of Cuba.  The first claims program was completed July 6, 1972 by the Foreign Claims Settlement Commission of the Department of Justice (“the Commission”).  The Commission certified 5,911 claims to the U.S. Department of State as valid claims.  These claims were settled pursuant to Title V of the International Claims Settlement Act of 1949.

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