The Demise of Puerto Rico Is in Part Attributed to U.S. Congressional Action

Milton A. Vescovacci
Milton A. Vescovacci
GrayRobinson, P.A.

Milton Vescovacci is a GrayRobinson shareholder in the Corporate and International Practice Groups. He represents domestic companies in a variety of corporate, tax, distribution, marketing, import, intellectual property, employment, immigration, real estate, M&A and investment matters. He advises international clients who want to do business in the U.S. Milton is fluent in Spanish and Italian. Milton was born in Puerto Rico. He grew up in New York City, attended high school and first year of college in Puerto Rico, and later trained in New York City on Wall Street as an investment banker for Bank of America and Chase and as an attorney at the law firm Sidley Austin in New York City and at Akerman Senterfitt in Miami before leading the Corporate Practice at GrayRobinson in Miami. Milton has spoken on the topic of the Puerto Rican debt crisis in various Puerto Rican chamber events and is advocating through such chambers for relief for Puerto Rico.

Read the entire article here.

Glenn Cooper Presents at 2016 SelectUSA Investment Summit

Glenn M. Cooper
Glenn M. Cooper
Gray-Robinson, P.A.

Business immigration attorney Glenn M. Cooper, a shareholder in GrayRobinson’s Miami and Fort Lauderdale law firm offices, will present at the 2016 SelectUSA Investment Summit on June 19-21, 2016, in Washington D.C. His presentation titled, “U.S. Immigration and Business Visas,” will focus on how immigration and visa policies affect doing business in the United States for large, small and start-up organizations as well as touch on their influence on innovation and research. The Summit, hosted by President Barack Obama, will feature investment opportunities from every corner of the United States for global investors as well as allow high-profile business and government leaders to share their insights on the latest innovations and trends.

Read more about 2016 SelectUSA Investment Summit.

Panama law firm turned a blind eye to U.S. embargo on Cuba

Peter A. Quinter
Peter Quinter
GrayRobinson, P.A.

The Panama law firm of Mossack Fonseca provided services to companies that may have broken the U.S. embargo on Cuba or were linked to companies specifically blocked by the U.S. Treasury Department, according to the Panama Papers.

Some of the secret Cuban companies the firm helped to incorporate had ties to names on the list of people and entities the U.S. government has banned from U.S. business deals because of economic sanctions or their ties to terrorism or drug trafficking.

Three companies created by the Cuban government in offshore tax havens — Miramar Investment Corporation Ltd., Mercaria Trading S.A. and Caribbean Sugar Traders — shared a director named Porfirio Medero Paiva, who had the same Madrid address as CRYMSA Import Export. The Spanish company is on the list of blocked persons and “specially designated nationals” kept by Treasury’s Office of Foreign Assets Control (OFAC).

Read the entire article here.

A new dawn for Cuba as it opens for business

Peter A. Quinter
Peter Quinter
GrayRobinson, P.A.

The 90-mile corridor between Key West and the north coast of Cuba is far wider, deeper and considerably more dangerous when you factor in everything that’s happened between the two countries during the last 57 years. Former ABA President Stephen Zack (with a flag from pre-revolutionary Cuba in his office) escaped from the island as a teenager two years after Fidel Castro seized power.

When Fidel Castro and his band of revolutionaries took control of Cuba in 1959, they established a Communist dictatorship antithetical to everything the U.S. represented—and aligned with America’s enemies. In 1961, a CIA-backed invasion by Cuban refugees to overthrow the Castro regime failed, almost from the moment it began, at the Bay of Pigs. The following year, the Cuban Missile Crisis nearly triggered World War III.

Former ABA President Stephen Zack had long expected the day would come when Cuba and the United States would finally break the Cold War-inspired status quo in place for more than half a century that has impoverished and isolated Cuba while creating a sworn enemy of America within 90 miles of its border. But like Godot saying he would be back any day now, Zack had expected a change for so long that he stopped expecting it.

Read the entire article here.