Identifier
Created
Classification
Origin
08MANAGUA1087
2008-08-21 21:19:00
UNCLASSIFIED
Embassy Managua
Cable title:
NICARAGUA: AMCIT PROPERTY CLAIMS MONTHLY UPDATE: JULY 2008
how-toVZCZCXYZ0000 RR RUEHWEB DE RUEHMU #1087/01 2342119 ZNR UUUUU ZZH R 212119Z AUG 08 FM AMEMBASSY MANAGUA TO RUEHC/SECSTATE WASHDC 3072 INFO RUEATRS/DEPT OF TREASURY WASHINGTON DC RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE
UNCLAS MANAGUA 001087
STATE FOR WHA/CEN, EB/IFD/OIA, AND L/CID
STATE ALSO FOR WHA/EPSC
STATE PASS TO USTR
TREASURY FOR INL AND OWH
SIPDIS
E.O. 12958: N/A
TAGS: EINV ECON USTR KIDE NU
SUBJECT: NICARAGUA: AMCIT PROPERTY CLAIMS MONTHLY UPDATE: JULY 2008
REFS: A) MANAGUA 917, B) MANAGUA 941
SUMMARY
-------
UNCLAS MANAGUA 001087
STATE FOR WHA/CEN, EB/IFD/OIA, AND L/CID
STATE ALSO FOR WHA/EPSC
STATE PASS TO USTR
TREASURY FOR INL AND OWH
SIPDIS
E.O. 12958: N/A
TAGS: EINV ECON USTR KIDE NU
SUBJECT: NICARAGUA: AMCIT PROPERTY CLAIMS MONTHLY UPDATE: JULY 2008
REFS: A) MANAGUA 917, B) MANAGUA 941
SUMMARY
--------------
1. In July 2008, the Government of Nicaragua (GON) resolved six
Embassy registered property claims. Four claims were reported
during the 2007-2008 waiver period (Refs A,B),while the remainder
were resolved this waiver year. The Property Office database now
includes 624 unresolved registered property claims belonging to 297
Amcits. To date, most resolutions have involved compensation via
government-issued indemnification bonds ("bonos de pago de
indemnizacion" or BPIs). As of July 31, 2008, the GON has issued
BPIs with a face value of $328,975,518.06 to Embassy-registered
claimants. Since taking office in January 2007, the Ortega
administration has resolved a total of 49 claims, two during the
2008-2009 waiver year.
EMBASSY-REGISTERED CLAIMS RESOLVED IN JULY 2008
-------------- ---
2. On August 12, 2008, Attorney General Hernan Estrada provided the
Embassy a copy of the final settlement document or "finiquito"
signed on July, 16, 2008, by U.S. citizen Miguel Hernandez. Mr.
Hernandez received BPIs worth 20,300 cordobas, approximately
$1,041.34. We have updated our database to reflect this
settlement.
Type of No. of Type of
Claimant Claim Claims Resolution
-------------- -------------- -------------- --------------
Miguel Hernandez House 1 bonds
3. On August 12, 2008, Attorney General Hernan Estrada provided the
Embassy a copy of the final settlement document or "finiquito"
signed on July 29, 2008, by U.S. citizen Sheila Santos. Ms. Santos
received BPIs worth 1,099,800 cordobas, approximately $56,417. We
have updated our database to reflect this settlement.
Type of No. of Type of
Claimant Claim Claims Resolution
-------------- -------------- -------------- --------------
Sheila Santos Land 1 bonds
STATUS OF AMCIT PROPERTY AS OF 07/31/08
--------------
4. The following is a snapshot of current U.S. citizen property
claims. The Embassy maintains separate databases for claims
registered before and after the July 31, 2005, deadline in the
Consolidated Appropriations Act.
EMBASSY-REGISTERED CLAIMS NUMBER
-------------- --------------
Total Amcits with pending claims 297
Total Amcit claims pending resolution 624
EMBASSY-REGISTERED CLAIMS BY CALENDAR YEAR NUMBER
-------------- --------------
Claims resolved in calendar year 2008 39
Claims resolved in calendar year 2007 10
Claims resolved calendar year 2006 81
Claims resolved calendar year 2005 126
Claims resolved calendar year 2004 218
Claims resolved calendar year 2003 243
Claims resolved calendar year 2002 125
Claims resolved calendar year 2001 175
Claims resolved calendar year 2000 70
EMBASSY-REGISTERED CLAIMS RESOLVED BY WAIVER YEAR NUMBER
-------------- -------------- --------------
Registered claims resolved so far in 2008-09 2
(waiver year: July 29, 2008 - July 29, 2009)
Registered claims resolved 2007-08 waiver year 42
Registered claims resolved 2006-07 waiver year 34
Registered claims resolved 2005-06 waiver year 86
Registered claims resolved 2004-05 waiver year 187
Registered claims resolved 2003-04 waiver year 214
Registered claims resolved 2002-03 waiver year 183
Registered claims resolved 2001-02 waiver year 160
Registered claims resolved 2000-01 waiver year 142
Registered claims resolved 1999-00 waiver year 77
Registered claims resolved 1998-99 waiver year 156
Registered claims resolved 1997-98 waiver year 204
Registered claims resolved 1996-97 waiver year 145
EMBASSY-REGISTERED CLAIMS UNDER GON CONTROL NUMBER
-------------- --------------
Total Amcit properties under GON control 53
(subject to revision)
GON-held claims resolved 2007-08 waiver year 1
GON-held claims resolved 2006-07 waiver year 0
GON-held claims resolved 2005-06 waiver year 3
GON-held claims resolved 2004-05 waiver year 16
GON-held claims resolved 2003-04 waiver year 12
GON-held claims resolved 2002-03 waiver year 11
GON-held claims resolved 2001-02 waiver year 26
GON-held claims resolved 2000-01 waiver year 2
GON-held claims resolved 1999-00 waiver year 2
GON-held claims resolved 1998-99 waiver year 5
GON-held claims resolved 1997-98 waiver year 29
GON-held claims resolved (total) 176
CLAIMS DISMISSED BY GON DURING THE 2007-08
WAIVER YEAR NUMBER
-------------- --------------
MARCH 2008 73
FEBRUARY 2008 21
JANUARY 2008 34
NOVEMBER 2007 18
COURT DECISION AGAINST CLAIMANT
(CLAIM WITHDRAWN BY AMCIT) NUMBER
-------------- --------------
9
CLAIMS WITHDRAWN BY AMCIT
(PROPERTY UNDER AMCIT CONTROL) NUMBER
-------------- --------------
1
CLAIMS WITHDRAWN BY AMCIT
(LACK OF SUPPORTING DOCUMENTS) NUMBER
-------------- --------------
1
TOTAL CLAIMS RESOLVED BY LAND SWAPS NUMBER
-------------- --------------
6
TOTAL CLAIMS COMPENSATED IN BONDS
(face value of bonds $328.97 million) NUMBER
-------------- --------------
1,894
NON-REGISTERED RESOLUTIONS BY WAIVER YEAR NUMBER
-------------- --------------
Non-registered resolutions 2008-09 waiver year 0
Non-registered resolutions 2007-08 waiver year 6
Non-registered resolutions 2006-07 waiver year 12
Non-registered resolutions 2005-06 waiver year 30
Non-registered resolutions 2004-05 waiver year 0
Non-registered resolutions 2003-04 waiver year 6
Non-registered resolutions 2002-03 waiver year 22
Non-registered resolutions 2001-02 waiver year 93
Non-registered resolutions 2000-01 waiver year 300
Non-registered resolutions 1999-00 waiver year 455
Non-registered resolutions 1998-99 waiver year 310
Non-registered resolutions 1997-98 waiver year 230
Non-registered resolutions 1996-97 waiver year 208
NON-WAIVER CLAIMS REGISTERED AFTER JULY 31, 2005 NUMBER
-------------- --- --------------
Total Amcit claimants registered with Embassy 15
Total Amcit claims pending resolution 21
NON-WAIVER CLAIMS RESOLVED BY CALENDAR YEAR NUMBER
-------------- --------------
Claims resolved in calendar year 2008 1
SANDERS
STATE FOR WHA/CEN, EB/IFD/OIA, AND L/CID
STATE ALSO FOR WHA/EPSC
STATE PASS TO USTR
TREASURY FOR INL AND OWH
SIPDIS
E.O. 12958: N/A
TAGS: EINV ECON USTR KIDE NU
SUBJECT: NICARAGUA: AMCIT PROPERTY CLAIMS MONTHLY UPDATE: JULY 2008
REFS: A) MANAGUA 917, B) MANAGUA 941
SUMMARY
--------------
1. In July 2008, the Government of Nicaragua (GON) resolved six
Embassy registered property claims. Four claims were reported
during the 2007-2008 waiver period (Refs A,B),while the remainder
were resolved this waiver year. The Property Office database now
includes 624 unresolved registered property claims belonging to 297
Amcits. To date, most resolutions have involved compensation via
government-issued indemnification bonds ("bonos de pago de
indemnizacion" or BPIs). As of July 31, 2008, the GON has issued
BPIs with a face value of $328,975,518.06 to Embassy-registered
claimants. Since taking office in January 2007, the Ortega
administration has resolved a total of 49 claims, two during the
2008-2009 waiver year.
EMBASSY-REGISTERED CLAIMS RESOLVED IN JULY 2008
-------------- ---
2. On August 12, 2008, Attorney General Hernan Estrada provided the
Embassy a copy of the final settlement document or "finiquito"
signed on July, 16, 2008, by U.S. citizen Miguel Hernandez. Mr.
Hernandez received BPIs worth 20,300 cordobas, approximately
$1,041.34. We have updated our database to reflect this
settlement.
Type of No. of Type of
Claimant Claim Claims Resolution
-------------- -------------- -------------- --------------
Miguel Hernandez House 1 bonds
3. On August 12, 2008, Attorney General Hernan Estrada provided the
Embassy a copy of the final settlement document or "finiquito"
signed on July 29, 2008, by U.S. citizen Sheila Santos. Ms. Santos
received BPIs worth 1,099,800 cordobas, approximately $56,417. We
have updated our database to reflect this settlement.
Type of No. of Type of
Claimant Claim Claims Resolution
-------------- -------------- -------------- --------------
Sheila Santos Land 1 bonds
STATUS OF AMCIT PROPERTY AS OF 07/31/08
--------------
4. The following is a snapshot of current U.S. citizen property
claims. The Embassy maintains separate databases for claims
registered before and after the July 31, 2005, deadline in the
Consolidated Appropriations Act.
EMBASSY-REGISTERED CLAIMS NUMBER
-------------- --------------
Total Amcits with pending claims 297
Total Amcit claims pending resolution 624
EMBASSY-REGISTERED CLAIMS BY CALENDAR YEAR NUMBER
-------------- --------------
Claims resolved in calendar year 2008 39
Claims resolved in calendar year 2007 10
Claims resolved calendar year 2006 81
Claims resolved calendar year 2005 126
Claims resolved calendar year 2004 218
Claims resolved calendar year 2003 243
Claims resolved calendar year 2002 125
Claims resolved calendar year 2001 175
Claims resolved calendar year 2000 70
EMBASSY-REGISTERED CLAIMS RESOLVED BY WAIVER YEAR NUMBER
-------------- -------------- --------------
Registered claims resolved so far in 2008-09 2
(waiver year: July 29, 2008 - July 29, 2009)
Registered claims resolved 2007-08 waiver year 42
Registered claims resolved 2006-07 waiver year 34
Registered claims resolved 2005-06 waiver year 86
Registered claims resolved 2004-05 waiver year 187
Registered claims resolved 2003-04 waiver year 214
Registered claims resolved 2002-03 waiver year 183
Registered claims resolved 2001-02 waiver year 160
Registered claims resolved 2000-01 waiver year 142
Registered claims resolved 1999-00 waiver year 77
Registered claims resolved 1998-99 waiver year 156
Registered claims resolved 1997-98 waiver year 204
Registered claims resolved 1996-97 waiver year 145
EMBASSY-REGISTERED CLAIMS UNDER GON CONTROL NUMBER
-------------- --------------
Total Amcit properties under GON control 53
(subject to revision)
GON-held claims resolved 2007-08 waiver year 1
GON-held claims resolved 2006-07 waiver year 0
GON-held claims resolved 2005-06 waiver year 3
GON-held claims resolved 2004-05 waiver year 16
GON-held claims resolved 2003-04 waiver year 12
GON-held claims resolved 2002-03 waiver year 11
GON-held claims resolved 2001-02 waiver year 26
GON-held claims resolved 2000-01 waiver year 2
GON-held claims resolved 1999-00 waiver year 2
GON-held claims resolved 1998-99 waiver year 5
GON-held claims resolved 1997-98 waiver year 29
GON-held claims resolved (total) 176
CLAIMS DISMISSED BY GON DURING THE 2007-08
WAIVER YEAR NUMBER
-------------- --------------
MARCH 2008 73
FEBRUARY 2008 21
JANUARY 2008 34
NOVEMBER 2007 18
COURT DECISION AGAINST CLAIMANT
(CLAIM WITHDRAWN BY AMCIT) NUMBER
-------------- --------------
9
CLAIMS WITHDRAWN BY AMCIT
(PROPERTY UNDER AMCIT CONTROL) NUMBER
-------------- --------------
1
CLAIMS WITHDRAWN BY AMCIT
(LACK OF SUPPORTING DOCUMENTS) NUMBER
-------------- --------------
1
TOTAL CLAIMS RESOLVED BY LAND SWAPS NUMBER
-------------- --------------
6
TOTAL CLAIMS COMPENSATED IN BONDS
(face value of bonds $328.97 million) NUMBER
-------------- --------------
1,894
NON-REGISTERED RESOLUTIONS BY WAIVER YEAR NUMBER
-------------- --------------
Non-registered resolutions 2008-09 waiver year 0
Non-registered resolutions 2007-08 waiver year 6
Non-registered resolutions 2006-07 waiver year 12
Non-registered resolutions 2005-06 waiver year 30
Non-registered resolutions 2004-05 waiver year 0
Non-registered resolutions 2003-04 waiver year 6
Non-registered resolutions 2002-03 waiver year 22
Non-registered resolutions 2001-02 waiver year 93
Non-registered resolutions 2000-01 waiver year 300
Non-registered resolutions 1999-00 waiver year 455
Non-registered resolutions 1998-99 waiver year 310
Non-registered resolutions 1997-98 waiver year 230
Non-registered resolutions 1996-97 waiver year 208
NON-WAIVER CLAIMS REGISTERED AFTER JULY 31, 2005 NUMBER
-------------- --- --------------
Total Amcit claimants registered with Embassy 15
Total Amcit claims pending resolution 21
NON-WAIVER CLAIMS RESOLVED BY CALENDAR YEAR NUMBER
-------------- --------------
Claims resolved in calendar year 2008 1
SANDERS