He London High Court rejected the appeal filedby the Cuban regime, after the verdict of the case against Havana and the Banco Nacional de Cuba (BNC) by a debt of 72 million euros that the investment fund CRF I.
Judge Sara Cockerill, of the Commercial Chamber of the London High Court, said, in denying the appeal, that “CRF is entitled to invoke the contractual provisions (…) as to the jurisdiction of the English courts,” recognizing him as a legitimate debtor, despite Havana’s campaign to discredit his claims.
The judge’s conclusions about the trial left no doubt that the BNC and, therefore, the Cuban government, used false arguments to defend their position in the process.
Last February, the same magistrate dismissed CRF I as a creditor of the Cuban State, but decided that the BNC has to take over the debt.
In addition, it ordered Cuba to pay the costs of the judicial process, something it has already done.
“This compensation acknowledges the validity of CRF’s claims and is a positive indication for CRF and its investors,” the plaintiff said in a statement.
Also, to make things worse for the dictatorship, The Industrial and Commercial Bank of China, through the ICBC Standard Bank, has initiated legal proceedings against Cuba for approximately 1.1 billion euros.
“This action follows significant pressure from CRF for ICBC to protect its interests as custodian of CRF’s Cuban assets. The ICBC’s decision to litigate against Cuba is an important step forward for CRF and adds another dimension to the growing legal challenges “of the island’s regime.”pointed out representatives of CRF I.
