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US Supreme Court Ruling Helps Exxon Mobil Compensation Fight Over Assets Seized by Cuba

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A US Supreme Court ruling on Tuesday will make simpler for US companies whose assets were expropriated by the Cuban government to sue it for compensation, Reuters reported.

In a 6-3 vote, the apex court decided that the Foreign Sovereign Immunities Act does not apply to the $1 billion litigation brought by Exxon Mobil (XOM) against Cuba's state-owned Corporacion Cimex under the Helms-Burton Act.

The court reversed a judgement on the same case by the US Court of Appeals for the DC Circuit in 2024 that required Exxon to prove its lawsuit fell within one of Foreign Sovereign Immunities Act exceptions.

Exxon alleges Cimex is unlawfully using "refinery, terminals, plants, and service station" that belonged to Exxon predecessor Standard Oil, before they were seized after the island's Communist Revolution.

has contacted Exxon Mobil seeking further comment.

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