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Antigua’s $21 Million WTO Victory Still Unpaid
['Observer Desk']
Antigua Observer Newspaper
By Sharon N SimonAntigua and Barbuda has never collected a cent of the $21 million-a-year it won against the United States in a landmark 2003 World Trade Organization ruling.
Cohen co-founded World Sports Exchange, or WSEX, after searching the Caribbean and Central America for a jurisdiction with formal regulation of internet gambling.
He credited much of that expansion to his former business partner, Hayden Ware, who ran the company while Cohen returned to the United States to fight federal charges.
The WTO case that followed found the United States had violated its own market-access commitments on gambling services by prosecuting offshore operators licensed in Antigua.
When Washington did not comply, the WTO authorized Antigua to impose $21 million a year in trade sanctions, structured unusually as permission to suspend American intellectual property protections on goods including Microsoft software and Disney films.