o U.S. persons may provide goods and services to Cuban national individuals located outside of Cuba. o A number of other activities are authorized, including the provision of (and receipt of payment for) certain legal services to Cuban nationals, the importation of personal gifts sent to the United States from Cuba, unblocking of estates in which a Cuban national has an interest, and various educational activities. These changes largely are the result of feedback from U.S. companies to U.S. regulators as to the authorizations needed to implement commercially viable plans to open up communications in Cuba and to provide support to the Cuban people.

However, Congressional action is still necessary to repeal the legislative trade embargo and travel ban. The authorizations issued by the Administration today have a limited scope, and the compliance requirements are highly technical. Thus, U.S.

companies looking to enter Cuba should undertake a careful review of the Commerce and Treasury regulations applicable to their business plans. For more information, please contact: F. Amanda DeBusk, Partner +1 (202) 721-4790 amanda.debusk@hugheshubbard.com Melissa Duffy, Partner +1 (202) 721-4689 melissa.duffy@hugheshubbard.com Alan Kashdan, Counsel +1 (202) 721-4630 alan.kashdan@hugheshubbard.com International Trade and Customs Practice Group September 2015 Hughes Hubbard & Reed LLP One Battery Park Plaza | New York, New York 10004-1482 | +1 212-837-6000 Attorney advertising. Readers are advised that prior results do not guarantee a similar outcome. © 2015 Hughes Hubbard & Reed LLP .