Quote[s] of the Day: Cuba Remains High-Risk Investment

Friday, April 18, 2014
[Cuba's] new investment law will not improve a generally poor contractual risk environment.
-- Daniel Sachs, Latin American analyst with the international consultancy firm Control Risks, Global Post, 4/17/14

And here's why:
[W]hile insisting on a role in almost every foreign investment in the country, the Cuban state has jailed foreign executives, seized many ventures that did turn out to be viable, and generally proved a miserable “partner.” An independent judiciary would help mitigate that risk. But nothing in the new law appears to change that reality.
-- Michael Moran, Vice-President of Global Risks Analysis at Control Risks, Global Post, 4/17/14