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
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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
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¶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
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¶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
--------------
--------------
--------------
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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
--------------
--------------
--------------
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Sheila Santos Land 1 bonds
STATUS OF AMCIT PROPERTY AS OF 07/31/08
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¶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, deadl