• Abstract and Figures
• Public Full-text

FORE|GN, CLAIMS SET.TL:EMENT;~ISSlON OF~:.THE UNITED STATES WASHINGTON, O~C~ ~05"/9 Claim No.CU- 1440 DANIEL KREV~¢E, JRo Decisio..o.cu 2932 Under the International Claims Settlement. Act of 1949. as mended PROPOSED DECISION This claim against the Government of Cuba, under Title V of the Internation~l Clalms~ Settlement Act of 1949, as amended, was presented by DANIEL KREVECE, .JR. and is based upon the asserted loss sustained in connectio=~Lwith the ownershipof,a,-p~.rticil~tion interest In.~the~Cuban Venezuelan 0il Votlng~Trust. Claimamt has been a national of the United States since his birth in the United States° As is fully set forth in the original decision involving the Cuban Venezuelan Oi~ Vo~ing Trust (See. Claim of Felix He~man, Claim No. CU-0412 which is hereby incorporated herein and nmde a part hereof by reference), this type of claim for loss of a stock ownership is compensable under the conditions and facts set forth in Heyman. There is no need to again detail herein the reasons for such a determination or the method arrived at in determining the ~alue~e.r Bnit~,of~;part~cipationi~whichi..L~o~es~"to’$O~l!97i!p~ -2- On the basis of evidence of record, in the instant case the Commission finds that this .cl~i~nt is, and since prior to November 23, 1959, has been the owner of 500 units of particil~tion, in the. Cuban Venezuelan Oil Voting. Trust and has suffered a loss in the amouut Of $ 59.86 . Within the;~ani~g of Title V of the Act, wh@n th~ pro~ertles owne~ or controlled by the Trust were nation~llzed or otherwise taken by the Government of Cuba en November 23, 1959. The Commission also concludes that the amount of loss sus- tained shall be increased by interest thereon at the rate of 6% per annum from November 23, 1959, the ~ate of loss, to the ~ate on which provisions are mde for the settlement thereof. (See u ra). CU - 1440 CERTIFICATION OF. LOSS The Commission certifies that DANIEL KREVECE, JR. suffered a loss, as a result of actions of the Government of Cuba, within the scope of Title V of the International. Claims:Settlement Act of 1949, as ~amended, in the amount of Fi~ty~Nine.Dol, lars and Eighty-Six Cents ($59o86 ) with interest at 6% per annum from November 23, 1959 Zo Zhe daze of seZZlemenZ. Dated at Washington, D. C., and entered as the Proposed Decision of the Commission hUB 29 !968 Le0nara v. B. Sutton, Chairman 2heodoz~e. Jaffe, NOTICE TO TREASURY: The above-referenced secdrities may not have been submitted to the Commission o~ if submitted, may have been returned; accordingly, no payment should he’made until claimant establishes retention of the securities ~r the loss here certified ..... The statute.does not provide for the payment o~.clainm, against the Government of Cuba..Provision is.only made for the determi~mtlo~ by the Commisslon.of the-valldlty and amounts of such claims. Section. 501 of thestatute speclflca1!y precludes any authorlzat~on forappropriations for payment of these claims. The Commission is required to certify its findings to theSecretary of State for possible useIn future negotlatlons,wlth the Covermnent of Cuba. NOTICE: Pursuant to the Regulations of the Commission, if:.no obJe~tlons are.filed within 15 days after-servlce or receipt of notice of this Pro- posed Decision, the decision will be entered as the F£~al Decision of the Commission upon the explratlon.~of-30 days after such. service~or-re- ceipt of notice, unlessthe C.c~mission otherwise orders. (FCSC Reg,, 45 C. F, R.,.531:~ 5 (~) a.~d..i ’(~) .~ ~ s. ~ame~d~, ,.3;2,.~&d. ,.Rag ~ ~1,2 13 ,. i(~:9~ ) CU- 1440.

Load more

  3

Copy Link