By Jan Wolfe

Summary:

– Exxon seeks $700M for oil and gas assets seized by Cuba in 1960.

– Court also to review Havana Docks claims against cruise lines.

– Cases hinge on the Helms-Burton Act and property nationalization.

WASHINGTON — The U.S. Supreme Court agreed on Friday to hear Exxon Mobil’s bid to obtain compensation from Cuban state-owned firms for oil and gas assets seized in 1960 under a federal law that lets Americans sue foreign companies and individuals over property confiscated by the communist-ruled Caribbean country.

The justices took up Exxon ‘s appeal of a lower court’s ruling that undercut its legal efforts to win such compensation from Cuban state-owned companies that allegedly have profited from stolen property in litigation invoking a 1996 U.S. law

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