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Cablegate: Nicaragua: Amcit Property Claims Monthly Update: May 2008

VZCZCXYZ0000
RR RUEHWEB

DE RUEHMU #0717/01 1581527
ZNR UUUUU ZZH
R 061527Z JUN 08
FM AMEMBASSY MANAGUA
TO RUEHC/SECSTATE WASHDC 2710
INFO RUEATRS/DEPT OF TREASURY WASHINGTON DC
RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE

UNCLAS MANAGUA 000717

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: MAY 2008

REF: MANAGUA 564

SUMMARY
-------

1. In May 2008, the Government of Nicaragua (GON) reported the
resolution of 9 Embassy registered property claims. With the
inclusion of these 9 claims resolved in May, the GON has so far
resolved 21 claims during the 2007-2008 waiver year. The Property
Office database now includes 647 unresolved registered property
claims belonging to 305 Amcits. To date, most resolutions have
involved compensation via government-issued indemnification bonds

("bonos de pago de indemnizacion" or BPIs). As of May 31, 2008, the
GON has issued BPIs with a face value of $336,998,984 to
Embassy-registered claimants. Since taking office in January 2007,
the Ortega administration has resolved a total of 26 claims, 21
during this waiver year.

EMBASSY-REGISTERED CLAIMS RESOLVED IN MAY 2008
--------------------------------------------- ---

2. On May 20, 2008, Attorney General Hernan Estrada provided the
Embassy a copy of the final settlement document or "finiquito"
signed on March 27, 2008, by U.S. citizen Vicky del Carmen Trejos de
Enciso. Mrs. Trejos received BPIs worth 1,677,100 cordobas,
approximately $86,918.89. We have updated our database to reflect
this settlement.

Type of No. of Type of
Claimant Claim Claims Resolution
-------- ------- ------ ----------
Vicky del Carmen Land 1 bonds


3. On May 20, 2008, Attorney General Estrada provided the Embassy a
copy of the finiquito signed on April 16, 2008, by U.S. citizen
Susan Patricia Aguerri, legal representative and share holder of the
company "Inmuebles El Socorro." Mrs. Aguerri received BPIs worth
5,575,000 cordobas, approximately $288,934.95. We have updated our
database to reflect this settlement.

Type of No. of Type of
Claimant Claim Claims Resolution
-------- ------- ------ ----------
Susan Aguerri Land 1 bonds


4. On May 20, 2008, Attorney General Estrada provided the Embassy a
copy of the finiquito signed on April 29, 2008, by U.S. citizen Dora
Arguello. Mrs. Arguello received BPIs worth 1,018,300 cordobas,
approximately $52,775.33. We have updated our database to reflect
this settlement.

Type of No. of Type of
Claimant Claim Claims Resolution
-------- ------- ------ ----------
Dora Arguello Land 1 bonds


5. On May 20, 2008, Attorney General Estrada, provided the Embassy a
copy of the finiquito signed on May 9, 2008, by U.S. citizen Adolfo
Riedel. Mr. Riedel received BPIs worth 930,200 cordobas,
approximately $48,209.38. We have updated our database to reflect
this settlement.

Type of No. of Type of
Claimant Claim Claims Resolution
-------- ------- ------ ----------
Adolfo Riedel Land 1 bonds


6. On May 23, 2008, Attorney General Estrada provided the Embassy
Property Office a copy of the finiquito signed on May 20, 2008, by
Fabiola Ibarra Gonzalez, legal representative of the heirs of U.S.
citizen Gilberto Rosales. The heirs of Mr. Rosales received BPIs
worth 138,300 cordobas, approximately $7,167.66. We have updated
our database to reflect this settlement.

Type of No. of Type of
Claimant Claim Claims Resolution
-------- ------- ------ ----------
Gilberto Rosales Land 3 bonds


7. On May 2, 2008, Attorney General Estrada provided the Embassy a
copy of the finiquito signed on May 26, 2008, by Violeta Barquero,
legal representative of U.S. citizen Guillermo Barquero. Mr.
Barquero received BPIs worth 3,600,300 cordobas, approximately
$186,592.38. We have updated our database to reflect this
settlement.

Type of No. of Type of
Claimant Claim Claims Resolution
-------- ------- ------ ----------
Guillermo Barquero Land 2 bonds


STATUS OF AMCIT PROPERTY AS OF 05/31/08
---------------------------------------

8. 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 305

Total Amcit claims pending resolution 647


EMBASSY-REGISTERED CLAIMS BY CALENDAR YEAR NUMBER
------------------------------------------ ------
Claims resolved in calendar year 2008 16

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 2007-08 21
(waiver year: August 1, 2007 - July 31, 2008)

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 54
(subject to revision)

GON-held claims resolved 2007-08 waiver year 0

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 63

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 $337.00 million) NUMBER
------------------------------------- -----
1,871


NON-REGISTERED RESOLUTIONS BY WAIVER YEAR NUMBER
----------------------------------------- ------
Non-registered resolutions 2007-08 waiver year 0

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 12

Total Amcit claims pending resolution 18

TRIVELLI

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