A decades-old conflict between Exxon Mobil and Cuba over the seizure of the oil major’s Cuban assets by Fidel Castro’s government is coming before the Supreme Court.
The dispute, Exxon v. Corporación Cimex, was granted Friday ahead of the start of the Supreme Court’s new term, which begins Monday.
Exxon, with the backing of the Trump administration, has asked the justices to clarify whether federal law now allows the company to seek compensation from the Cuban state-owned holding company Corporación Cimex, or if it must meet certain requirements under another law to pursue legal action against a foreign entity.
Exxon alleges the Cuban government has never provided compensation for the $70 million (in 1960 dollars) of oil and gas assets that were seized following the Cuban Revolution.
