Havana Docks Corp. v. Royal Caribbean Cruises, Ltd. · ¶67

The key to getting this case right is understanding the nature of the property interest that Havana Docks once held in the docks. In 1905, the Cuban Government granted Compañia del Puerto a 50-year “usufructuary concession” so that it could build and then operate docks at the Port of Havana. See 119 F. 4th 1276, 1278, 1281 (CA11 2024). As the majority explains, a “usufruct” is a “right to use, enjoy, or proft from another's property” (here, Cuba's property in the Port), and a “concession” is a “privilege granted by the government” (here, the Cuban Government). Ante, at 240. So the deal struck was this: Compañia del Puerto would build docks for Cuba at the Port and, in exchange, Cuba would let the company operate those docks for a limited time. Later, that usufructuary concession was assigned to Havana Docks and extended to 99 years, meaning that it would expire in 2004. So Havana Docks'…

preliminary print (page proof)
Source edition
Passage preview. Read in context for the complete text, notes and references.