Identifier
Created
Classification
Origin
08MANAGUA1352
2008-11-05 14:19:00
UNCLASSIFIED
Embassy Managua
Cable title:
NICARAGUA: AMCIT PROPERTY CLAIMS MONTHLY UPDATE: OCTOBER 2008
how-toVZCZCXYZ0001 RR RUEHWEB DE RUEHMU #1352/01 3101419 ZNR UUUUU ZZH R 051419Z NOV 08 FM AMEMBASSY MANAGUA TO RUEHC/SECSTATE WASHDC 3342 INFO RUEATRS/DEPT OF TREASURY WASHINGTON DC RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE
UNCLAS MANAGUA 001352
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: OCTOBER 2008
SUMMARY
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UNCLAS MANAGUA 001352
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: OCTOBER 2008
SUMMARY
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¶1. In October 2008, the Government of Nicaragua (GON) resolved four
Embassy registered property claims, including one under the control
of the National Police. The Embassy's database now consists of 617
unresolved registered property claims belonging to 294 Amcits. To
date, the overwhelming majority of resolutions have involved
compensation via government-issued indemnification bonds ("bonos de
pago de indemnizacion" or BPIs). As of October 31, 2008, the GON
had issued BPIs with a face value of $334,078,811.76 to
Embassy-registered claimants. Since taking office in January 2007,
the Ortega administration has resolved 56 claims, nine during the
2008-2009 waiver year.
EMBASSY REGISTERED CLAIMS RESOLVED IN OCTOBER
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¶2. On October 6, 2008, Attorney General Hernan Estrada provided the
Embassy a copy of the final settlement document or "finiquito"
signed on August, 25, 2008, by U.S. citizen Roberto Perez-Rios. Mr.
Perez-Rios received BPIs worth 134,700 cordobas, approximately
$6,845.59. We have updated our database to reflect this settlement.
Mr. Perez-Rios' property was under the control of the National
Police in the city of Masaya. This is the first Section 527 claim
that the GON has resolved that was under its control during the
2008-09 waiver year.
Type of No. of Type of
Claimant Claim Claims Resolution
--------------
--------------
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Roberto Perez-Rios Lot 1 bonds
¶3. On October 23, 2008, the legal representative of U.S. claimant
Perla Ordonez provided the Embassy a copy of the finiquito signed on
October 3, 2008. Mrs. Ordonez received BPIs worth 1,293,100
cordobas, approximately $65,716.65, to settle two claims. We have
updated our database to reflect this settlement.
Type of No. of Type of
Claimant Claim Claims Resolution
--------------
--------------
--------------
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Perla Ordonez Lots 2 bonds
¶4. On October 28, 2008, U.S. claimant Daniza Robleto provided the
Embassy a copy of the finiquito she signed on October 3, 2008. Ms.
Robleto received BP