Identifier
Created
Classification
Origin
07TASHKENT1206
2007-06-28 10:37:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Tashkent
Cable title:
COURT SUSPENDS ACTION AGAINST FINCA FOR ONE MONTH
how-toVZCZCXRO8283 PP RUEHDBU DE RUEHNT #1206 1791037 ZNR UUUUU ZZH P 281037Z JUN 07 FM AMEMBASSY TASHKENT TO RUEHC/SECSTATE WASHDC PRIORITY 8068 INFO RUEHAH/AMEMBASSY ASHGABAT 3115 RUEHTA/AMEMBASSY ASTANA 9253 RUEHEK/AMEMBASSY BISHKEK 3729 RUEHDBU/AMEMBASSY DUSHANBE 3591
UNCLAS TASHKENT 001206
SIPDIS
SENSITIVE
SIPDIS
DEPARTMENT FOR SCA/CEN, EUR/ACE, AND USAID
ASTANA ALSO FOR USAID
E.O. 12958: N/A
TAGS: PREL EAID UZ
SUBJECT: COURT SUSPENDS ACTION AGAINST FINCA FOR ONE MONTH
REF: TASHKENT 1151 AND PREVIOUS
Sensitive but unclassified. Please handle accordingly.
UNCLAS TASHKENT 001206
SIPDIS
SENSITIVE
SIPDIS
DEPARTMENT FOR SCA/CEN, EUR/ACE, AND USAID
ASTANA ALSO FOR USAID
E.O. 12958: N/A
TAGS: PREL EAID UZ
SUBJECT: COURT SUSPENDS ACTION AGAINST FINCA FOR ONE MONTH
REF: TASHKENT 1151 AND PREVIOUS
Sensitive but unclassified. Please handle accordingly.
1. (SBU) On June 28, the Tashkent City Economic Court
postponed further legal action in the Foundation for
International Community Assistance's (FINCA) ongoing tax case
for one month. The court initially heard oral arguments on
the State Tax Committee's petition to declare FINCA bankrupt.
Instead of ruling on the petition, however, the judge
decided to continue the hearing until July 27. Later the
same day, a second judge dismissed the tax authorities'
request to seize FINCA's remaining assets to satisfy
financial sanctions imposed as the result of alleged
violations of Uzbek law. The judge ruled that because the
tax committee was listed as a creditor in the bankruptcy
petition, it could not take any of FINCA's assets until that
case had been resolved.
2. (SBU) Comment: The Ministry of Foreign Affairs called Post
early in the day on June 28 to say that the legal proceedings
against FINCA would be suspended in light of joint efforts to
resolve the tax cases against FINCA and ACDI/VOCA (reftel).
The June 28 outcome should be viewed only as a time-out while
an agreement is being hashed out, not in any way as a win for
FINCA.
HANSON
SIPDIS
SENSITIVE
SIPDIS
DEPARTMENT FOR SCA/CEN, EUR/ACE, AND USAID
ASTANA ALSO FOR USAID
E.O. 12958: N/A
TAGS: PREL EAID UZ
SUBJECT: COURT SUSPENDS ACTION AGAINST FINCA FOR ONE MONTH
REF: TASHKENT 1151 AND PREVIOUS
Sensitive but unclassified. Please handle accordingly.
1. (SBU) On June 28, the Tashkent City Economic Court
postponed further legal action in the Foundation for
International Community Assistance's (FINCA) ongoing tax case
for one month. The court initially heard oral arguments on
the State Tax Committee's petition to declare FINCA bankrupt.
Instead of ruling on the petition, however, the judge
decided to continue the hearing until July 27. Later the
same day, a second judge dismissed the tax authorities'
request to seize FINCA's remaining assets to satisfy
financial sanctions imposed as the result of alleged
violations of Uzbek law. The judge ruled that because the
tax committee was listed as a creditor in the bankruptcy
petition, it could not take any of FINCA's assets until that
case had been resolved.
2. (SBU) Comment: The Ministry of Foreign Affairs called Post
early in the day on June 28 to say that the legal proceedings
against FINCA would be suspended in light of joint efforts to
resolve the tax cases against FINCA and ACDI/VOCA (reftel).
The June 28 outcome should be viewed only as a time-out while
an agreement is being hashed out, not in any way as a win for
FINCA.
HANSON