UPDATE TO 2007 REPORT ON INVESTMENT DISPUTES AND EXPROPRIATION CASES

UNCLAS TASHKENT 001366 SIPDIS SENSITIVE SIPDIS STATE FOR EB/IFD/OIA (HEATHER GOETHERT),L/CID (SAM MCDONALD),AND SCA/CEN (COSTA NICOLAIDIS) E.O. 12958: N/A TAGS: CASC PGOV IEINV KIDE UZ SUBJECT: UPDATE TO 2007 REPORT ON INVESTMENT DISPUTES AND EXPROPRIATION CASES REF: A. STATE 55422 ¶B. TASHKENT 1139 Sensitive but unclassified. Contains proprietary information. Not for release on the Internet. ¶1. (U) Per Ref A instructions, Post provides the following update to its submission for the 2007 Report on Investment Disputes and Expropriation Cases. Post requests Department update ref B as indicated below. ¶2. (SBU) a. Claimant S (resolved) c. In late June, Claimant S informed Post that it had reached an agreement with the Government of Uzbekistan resolving the dispute. In a subsequent filing to the Security and Exchange Commission, Claimant S reported that under the terms of the agreement, the Government of Uzbekistan agreed to pay the company $80 million and also agreed to pay outstanding obligations to Claimant S's suppliers and creditors. On July 18, Claimant S informed the Department of State that the final agreement had been signed, that it had already received an initial payment of $20 million, and that it was confident it would received the remaining $60 million by letter of credit by the end of August. ¶3. (U) a. Claimant T c. On July 16, TeliaSonera AB, a leading telecommunications company in the Nordic and Baltic region, announced that it had closed a deal to acquire 100 percent of the shares in Claimant T's U.S. parent company. HANSON