Havana Docks Corp. v. Royal Caribbean Cruises, Ltd. · ¶68

Everyone agrees that Havana Docks did not get all it was promised. That is because in 1960, 44 years before the concession was to expire, Cuba issued a decree nationalizing Havana Docks' assets and sent armed agents to physically occupy the docks. Those actions “prematurely destroyed Havana Docks' concession” and, “by extension, its ability to benefit from the docks.” Ante, at 241. The Foreign Claims Settlement Commission confirmed as much, finding that Cuba had seized from Havana Docks a concession for the “operation of wharves and warehouses in the harbor of Havana,” which was “to expire in the year 2004,” as well as associated “equipment, furniture and fxtures.” App. to Pet. for Cert. 138a, 141a. The Commission thus certified about $9 million in losses, plus six percent annual interest. Cuba has never compensated Havana Docks for that harm.

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