Eyeing the next frontier, Miami law firms ramp up Cuba strategy

[WorldNews]

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By David Adams MIAMI (Reuters) - A team of lawyers from the Florida Bar will make a first trip to Cuba this week to explore emerging business opportunities as prospects heat up for closer political and commercial relations between the United States and the Communist-run island. Some big law firms with Miami offices, often staffed by Cuban-American exiles, already are beefing up their Cuba-related practices in response to queries from U.S. companies on issues ranging from telecommunications to banking, amid signs the longstanding U.S. trade embargo on Cuba is eroding. Pedro Freyre, a Cuban-born attorney who heads the international practice at Akerman, said his phones started ringing within minutes of the December announcement by U.S. President Barack Obama and Cuban President Raul Castro that they had agreed to reestablish diplomatic ties severed some 54 years ago, and to work toward normalizing relations.

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