Bass, Berry & Sims attorney Thad McBride, who heads the firm's international trade group, was quoted in The Wall Street Journal's Risk & Compliance Journal on the current state of the relationship between the U.S. and Cuba. Although it has been almost a year since the two countries agreed to normalize relations, business activity in Cuba is still limited for most U.S. companies because the embargo has yet to be lifted. As Thad points out in the article, "[t]here's been significant change for certain companies, and the road has been paved for other U.S. industries generally, but it hasn’t been lifted." Thad further suggests that, at the same time, the U.S. Department of Treasury may not be overly aggressive in its enforcement of the continuing embargo on Cuba.
The full article, "The Morning Risk Report: U.S., Cuba Relations, A Year Later," was published in The Wall Street Journal's Risk & Compliance Journal on December 9, 2015 and is available online (subscription required).