Identifier
Created
Classification
Origin
06LIMA1830
2006-05-11 19:41:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Lima
Cable title:
PAYMENT OF LETOURNEAU SETTLEMENT DELAYED
how-toVZCZCXYZ0020 RR RUEHWEB DE RUEHPE #1830 1311941 ZNR UUUUU ZZH R 111941Z MAY 06 FM AMEMBASSY LIMA TO RUEHC/SECSTATE WASHDC 0401 INFO RUEHBO/AMEMBASSY BOGOTA 3376 RUEHQT/AMEMBASSY QUITO 0327 RUEHLP/AMEMBASSY LA PAZ MAY SANTIAGO 0508 RUEHCV/AMEMBASSY CARACAS 9428 RUEHBU/AMEMBASSY BUENOS AIRES 2387 RUEHME/AMEMBASSY MEXICO 3324 RUEHBR/AMEMBASSY BRASILIA 6734 RUCPDOC/DEPT OF COMMERCE WASHINGTON DC RUEATRS/DEPT OF TREASURY WASHDC RHEHAAA/NATIONAL SECURITY COUNCIL WASHINGTON DC
UNCLAS LIMA 001830
SIPDIS
SENSITIVE
SIPDIS
DEPT FOR WHA/AND, WHA/EPSC, EB/TPP/BTA, EB/IFD/OFD, EB/CBA,
EB/IFD/OIA, L/CID
TREASURY FOR OASIA/INL
COMMERCE FOR 4331/MAC/WH/MCAMERON
USTR FOR AUSTR EEISSENSTAT AND BHARMAN
E.O. 12958: N/A
TAGS: EINV ETRD ECON PGOV PREL PE
SUBJECT: PAYMENT OF LETOURNEAU SETTLEMENT DELAYED
REF: LIMA 1263 and previous
UNCLAS LIMA 001830
SIPDIS
SENSITIVE
SIPDIS
DEPT FOR WHA/AND, WHA/EPSC, EB/TPP/BTA, EB/IFD/OFD, EB/CBA,
EB/IFD/OIA, L/CID
TREASURY FOR OASIA/INL
COMMERCE FOR 4331/MAC/WH/MCAMERON
USTR FOR AUSTR EEISSENSTAT AND BHARMAN
E.O. 12958: N/A
TAGS: EINV ETRD ECON PGOV PREL PE
SUBJECT: PAYMENT OF LETOURNEAU SETTLEMENT DELAYED
REF: LIMA 1263 and previous
1. (SBU) Summary. GOP Disputes Coordinator Aurelio Loret
de Mola informed us May 11 that the GOP will be unable to
pay LeTourneau its $10 million settlement by the May 15
deadline due to procedural delays. The Peruvian Government
will issue a Supreme Decree regarding payment and will send
the supplementary budget bill to the Economic Commission of
Congress on May 12. Loret de Mola indicated that the
Commission should approve the bill, sending it to the
Congressional Plenary for a possible vote by May 22. Loret
de Mola will contact LeTourneau with the news as soon as the
Supreme Decree is published. End Summary.
2. (SBU) After LeTourneau's attorney accepted Peru's
compensation offer on March 30, the payment of the
approximately $10 million settlement appeared to be on track
for the May 15 deadline (reftel). Aurelio Loret de Mola,
Peru's Disputes Coordinator, informed us on May 11 that, due
to procedural delays, the GOP would have to defer payment to
LeTourneau until after the Peruvian Congress approves the
supplemental budget.
3. (SBU) The GOP, according to Loret de Mola, will issue a
Supreme Decree on payment on May 12 and will simultaneously
send the supplemental budget bill to the Economic Commission
of Congress for a vote. He estimates that the Commission
will approve the supplemental budget -- which is the last
budget request of the Toledo Government -- sending it next
to the Congressional Plenary for a vote. Under the best-
case scenario, the plenary vote would occur the week of May
22. Once Congress approves the budget, the GOP will issue
an immediate payment to LeTourneau.
4. (SBU) Comment: Loret de Mola indicated that he will
discuss the latest developments with LeTourneau's attorney
on May 12, after the Supreme Decree is published. We will
also contact LeTourneau to provide further clarification of
the process. We are confident that the Peruvian Congress
will approve the budgetary request and will issue payment to
LeTourneau, concluding this ATPDEA dispute after more than
35 years. End Comment.
STRUBLE
SIPDIS
SENSITIVE
SIPDIS
DEPT FOR WHA/AND, WHA/EPSC, EB/TPP/BTA, EB/IFD/OFD, EB/CBA,
EB/IFD/OIA, L/CID
TREASURY FOR OASIA/INL
COMMERCE FOR 4331/MAC/WH/MCAMERON
USTR FOR AUSTR EEISSENSTAT AND BHARMAN
E.O. 12958: N/A
TAGS: EINV ETRD ECON PGOV PREL PE
SUBJECT: PAYMENT OF LETOURNEAU SETTLEMENT DELAYED
REF: LIMA 1263 and previous
1. (SBU) Summary. GOP Disputes Coordinator Aurelio Loret
de Mola informed us May 11 that the GOP will be unable to
pay LeTourneau its $10 million settlement by the May 15
deadline due to procedural delays. The Peruvian Government
will issue a Supreme Decree regarding payment and will send
the supplementary budget bill to the Economic Commission of
Congress on May 12. Loret de Mola indicated that the
Commission should approve the bill, sending it to the
Congressional Plenary for a possible vote by May 22. Loret
de Mola will contact LeTourneau with the news as soon as the
Supreme Decree is published. End Summary.
2. (SBU) After LeTourneau's attorney accepted Peru's
compensation offer on March 30, the payment of the
approximately $10 million settlement appeared to be on track
for the May 15 deadline (reftel). Aurelio Loret de Mola,
Peru's Disputes Coordinator, informed us on May 11 that, due
to procedural delays, the GOP would have to defer payment to
LeTourneau until after the Peruvian Congress approves the
supplemental budget.
3. (SBU) The GOP, according to Loret de Mola, will issue a
Supreme Decree on payment on May 12 and will simultaneously
send the supplemental budget bill to the Economic Commission
of Congress for a vote. He estimates that the Commission
will approve the supplemental budget -- which is the last
budget request of the Toledo Government -- sending it next
to the Congressional Plenary for a vote. Under the best-
case scenario, the plenary vote would occur the week of May
22. Once Congress approves the budget, the GOP will issue
an immediate payment to LeTourneau.
4. (SBU) Comment: Loret de Mola indicated that he will
discuss the latest developments with LeTourneau's attorney
on May 12, after the Supreme Decree is published. We will
also contact LeTourneau to provide further clarification of
the process. We are confident that the Peruvian Congress
will approve the budgetary request and will issue payment to
LeTourneau, concluding this ATPDEA dispute after more than
35 years. End Comment.
STRUBLE