Viewing cable 08LONDON1923
Title: 2008 REPORT ON UK INVESTMENT DISPUTES AND

IdentifierCreatedReleasedClassificationOrigin
08LONDON19232008-07-23 16:03:00 2011-08-30 01:44:00 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy London
VZCZCXYZ0012
PP RUEHWEB

DE RUEHLO #1923 2051603
ZNR UUUUU ZZH
P 231603Z JUL 08
FM AMEMBASSY LONDON
TO RUEHC/SECSTATE WASHDC PRIORITY 9271
INFO RUEHWN/AMEMBASSY BRIDGETOWN PRIORITY 0176
UNCLAS LONDON 001923 
 
SENSITIVE 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: KIDE EINV ECON UK
SUBJECT: 2008 REPORT ON UK INVESTMENT DISPUTES AND 
EXPROPRIATION CLAIMS 
 
REF: REF: STATE 43784 
 
¶1.  (U) SUMMARY: Post is unaware of any relevant disputes 
against the Government of the UK.  Post is aware of one 
outstanding claim of United States persons against the 
Government of the British Virgin Islands (GBVI).  Claimant A 
reports they were never compensated for a time share vacation 
club membership when the underlying property was sold to the 
GBVI. Claimant A reports that there are approximately 900 
claimants, of which the majority are Amcits.  END SUMMARY 
 
¶2. (U) Claimant designation: Claimant A 
 
¶3. (U) Year dispute arose:   2005 
 
¶4. (U) Case History: Claimant A received a notice of 
withdrawal from timeshare arrangements from the management of 
a timeshare resort, allowing the owner to sell the property 
as abandoned to the GBVI, an overseas territory of the United 
Kingdom with its own elected government.  The United Kingdom 
appoints a Governor of the BVI who oversees the external 
affairs of the territory.  The elected GBVI oversees the 
internal affairs of the territory. HMG views this as an 
internal dispute in the GBVI, over which it has no 
jurisdiction. In 2007, the claimant was hopeful that the 
newly elected government would offer a settlement.  However, 
claimant A reports the elected government is not sympathetic 
to the timeshare owners plight and there is no agreement yet. 
Claimants have formed an organization called the Vacation 
Club and are considering filing a class-action lawsuit 
against the Government of the British Virgin Islands in U.S. 
Federal Court. 
 
¶5. (U) Location of property: Island of Tortola, British 
Virgin Islands 
 
¶6. (U) Estimated Value in US dollars, according to AmCit: 
$14,000 - $15,000 per claimant, or about $1.3 million, total. 
A second-hand source provided by Claimant A list the total 
value at $4 - $8 million. 
 
¶7. (U) Approximate date when information was last received on 
the claim: July, 2008 
 
¶8. (SBU) Claimant A:  Ms. Lisa Ann Goldsmith    AmCit (no 
Privacy Act Waiver signed) 
 
¶9. (SBU) Claimant A claims that there are approximately 900 
other individuals and families who lost their time shares. 
She believes that the majority of them are American citizens. 
 
¶10. (U) Post will continue to follow up with claimant group. 
 
Visit London's Classified Website: 
http://www.intelink.sgov.gov/wiki/Portal:Unit ed_Kingdom 
 
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