Cuba Allows Sale, Ownership Of Residential Property

Law360, New York (November 3, 2011, 3:51 PM EDT) -- The Cuban government said Thursday that it would allow citizens to own real estate for the first time since the revolution, the latest in a string of free-market economic reforms ushered in by President Raul Castro.

The government will allow citizens and residents to own up to two residential properties — one full-time residence and a vacation home — and will recognize ownership rights even in the event of the owner's divorce, death or departure from the country, according to the Gaceta Oficial, the government's official...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.