Havana Docks Corp. v. Royal Caribbean Cruises, Ltd. · ¶11

The Communist Revolution cut Havana Docks' concession short without that compensation. After Fidel Castro seized power in 1959, he declared that “it is fundamental for the liberation and economic development of our country to liquidate the [American] commercial or industrial enterprises” operating in Cuba. Id., at 483. To that end, the new Cuban Government decreed that it would forcibly take American “properties and enterprises located” in Cuba, targeting Havana Docks by name. Id., at 483, 487. Under the decree, government forces seized the docks in 1960 and confscated “all” of Havana Docks' “assets.” Id., at 497–498; see also id., at 257. These assets included, as relevant here, the docks that Havana Docks had constructed and its property interest in those docks. All agree that this action prematurely destroyed Havana Docks' concession in 1960 and, by extension, its ability to benefit…

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