2005 REPORT ON INVESTMENT DISPUTES AND

UNCLAS AMMAN 004782 SIPDIS SENSITIVE STATE FOR NEA/ELA, EB/IFD/OIA - J.P. ROSELI STATE ALSO FOR L/CID - J. NICOL E.O. 12958: N/A TAGS: CASC EFIN EINV KIDE OPIC PGOV JO SUBJECT: 2005 REPORT ON INVESTMENT DISPUTES AND EXPROPRIATION CLAIMS - JORDAN REF: STATE 70014 SENSITIVE BUT UNCLASSIFIED. FOR USG USE ONLY. PRIVACY ACT MAY APPLY. NOT FOR DISSEMINATION ON THE INTERNET. ¶1. (SBU) Per reftel, post herewith updates the October 2004 "Report of U.S. Citizen Expropriation Claims and Certain Other Commercial and Investment Disputes" regarding an outstanding investment dispute by a "U.S. person" against the Government of Jordan (GOJ). Claimant A refers to Jacobs Engineering Group of Pasadena, California. Claimant B refers to Arab Potash Co., Ltd., which at the time the dispute arose was 52 percent owned by the GOJ. Post continues to report this case in accordance with instructions to report updates on existing cases, including those that have been resolved. ¶2. (SBU) Post is not aware of any other investment disputes or expropriation claims against the GOJ, as defined reftel. ¶3. (U) BEGIN TEXT OF REPORT UPDATE: The United States Government is aware of one (1) claim by U.S. persons that had been outstanding against the Government of Jordan in 2004. The dispute was brought before a tribunal of the International Center for the Settlement of Investment Disputes (ICSID) in 2002. Claimant A, an American company, and Claimant B (52% owned by the GOJ at the time the dispute arose) settled the dispute in May 2004. The case was resolved to the satisfaction of the U.S. investor. END TEXT OF REPORT UPDATE HALE