Cablegate: Nicaragua: Amcit Property Claims Monthly Update: November 2007

VZCZCXYZ0126
RR RUEHWEB

DE RUEHMU #2549/01 3442240
ZNR UUUUU ZZH
R 102240Z DEC 07
FM AMEMBASSY MANAGUA
TO RUEHC/SECSTATE WASHDC 1768
INFO RUEATRS/DEPT OF TREASURY WASHINGTON DC
RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE

UNCLAS MANAGUA 002549

SIPDIS

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: NOVEMBER 2007

SUMMARY
-------

1. In November of the 2007-2008 waiver year, an American citizen
claimant informed us that the GON had resolved two claims in 1999
that were still registered as active cases in the Embassy's Property
Office database.

2. Since January 1995, the GON has resolved 2,518 Embassy-registered property claims belonging to 657 American citizens (Amcits). The Property Office database now includes 675 registered property claims belonging to 295 American citizens. Including American citizen claims not registered with the Embassy, the GON has resolved a total of 4,538 American citizen claims since January 1995. Most have involved compensation via government-issued indemnification bonds ("bonos de pago de indemnizacion" or BPIs). As of December 1, 2007, the GON had issued BPIs with a face value of $321,400,500 to Embassy-registered claimants. With the inclusion of the claims resolved in 1999, the GON has resolved nine cases during CY07 and four this waiver year. End Summary.

EMBASSY-REGISTERED CLAIMS RESOLVED IN NOVEMBER 2007
--------------------------------------------- ------

3. In November 2007, the fourth month of the 2007-2008 waiver year, a claimant informed the Embassy that the GON had resolved two claims in 1999 that were still registered as active cases in the Embassy's Property Office database.

Type of No. of Type of
Claimant Claim Claims Resolution
-------- ----- ------ ----------

Arguello, Jose land 2 bonds

4. On November 27, American citizen Jose Arguello provided a written statement to the Property Office attesting that he was compensated with indemnification bonds (BPIs) in July 1999 for two urban lots in Leon, confiscated by the Sandinistas in July 1979. Mr. Arguello reached a settlement with the GON for approximately USD 105,000. We have updated our database to reflect this settlement.

STATUS OF AMCIT PROPERTY AS OF 11/30/07
---------------------------------------

5. The following is a snapshot of current American citizens'
property claims. The Embassy maintains separate databases for
claims registered before and after the July 31, 2005, deadline in
the Consolidated Appropriations Act. A claimant reported that the
GON had resolved two claims in 1999 that were still registered as
active cases in the Embassy's Property Office database.

EMBASSY-REGISTERED CLAIMS NUMBER
------------------------- ------

Total Amcits with all claims resolved 657
(145 were Amcits at time of confiscation)

Total Amcits with pending claims 295
(64 were Amcits at time of confiscation)

Total Amcits registered with the Embassy 1,137
prior to July 31, 2005
(269 were Amcits at time of confiscation)

Total Amcit claims pending resolution 675
(117 were claims of Amcits at time of confiscation)

Total Amcit claims resolved 2,518
(403 were claims of Amcits at time of confiscation)

EMBASSY-REGISTERED CLAIMS BY CALENDAR YEAR NUMBER
------------------------------------------ ------

Claims resolved so far in calendar year 2007 9
(0 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2006 81
(6 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2005 126
(7 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2004 218
(11 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2003 243
(22 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2002 125
(20 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2001 175
(17 were claims of Amcits at time of confiscation)

Claims resolved calendar year 2000 70
(7 were claims of Amcits at time of confiscation)

EMBASSY-REGISTERED CLAIMS RESOLVED BY WAIVER YEAR NUMBER
--------------------------------------------- ---- ------

Registered claims resolved so far in 2007-08 4
(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

TOTAL PROPERTIES RECOVERED NUMBER
-------------------------- ------

445

TOTAL CLAIMS RESOLVED BY LAND SWAPS NUMBER
----------------------------------- ------

6

TOTAL CLAIMS COMPENSATED IN BONDS
(face value of bonds $321.40 million) NUMBER
------------------------------------- -----

1,856

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

TOTAL REGISTERED & NON-REGISTERED RESOLUTIONS NUMBER
--------------------------------------------- ------

Total number of Amcit claims resolved 4,538

NON-WAIVER CLAIMS REGISTERED AFTER JULY 31, 2005 NUMBER
--------------------------------------------- --- ------

Total Amcit claimants registered with Embassy 12
(1 was an Amcit at time of confiscation)

Total Amcit claims pending resolution 18
(1 was a claim of an Amcit at time of confiscation)

TRIVELLI

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