Havana Docks Corp. v. Royal Caribbean Cruises, Ltd. · ¶32

This Court has recognized that “property” ordinarily can refer to physical things in which people can have property interests. When this Court previously considered Castro's expropriations, it recognized that “property” can refer to both physical things and interests in them, noting that the Cuban Government “nationalize[d] by forced expropriation property . . . in which American nationals had an interest.” Banco Nacional de Cuba v. Sabbatino, 376 U. S. 398, 401 (1964) (emphasis added). For that reason, the Cuban Government could, for example, expropriate “sugar itself” in addition to, or “rather than,” “merely contractual rights” related to the sugar. Id., at 413.

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