The Demanda                 

Oct. 1, 2010

Finally, after many annoying and frustrating delays, the lawsuit sponsored by the UCCR was ready for submission to the Court – and this was done on the first of October.  We plan to post on our website, www.ticostuff.com/uccr, a complete copy of the document except for certain supporting files.  Another version, in English, will be posted as well.  The translation is not as precise and faithful to the Spanish original as we would have wished, but we recognize the difficulty the translation poses for one who has no legal background.  Also this version is lacking the article extracted from the “La Nación” which deals with the special treatment afforded the Catholic clergy whose “Servicios Pastorales” was cited for many of the same practices for which Osvaldo Villalobos was tried and convicted.  This article  was inserted into the Demanda as an afterthought when the translation had been completed.

The document is lengthy, and it will be a struggle for most investors to get through.  We hope that the combination of both versions will allow you to get an idea of what it is about.  We realize there is need for a synopsis in English.  That is on our soon “to do” list.   

Speaking of lists, the UCCR maintains two lists of investors. One list of about 1500 subscribers receives what we refer to as our EBS message list.  The other list is composed of the 378 codemandantes and 5 demandantes, who are the remaining UCCR active Board members. We mention this to explain how some of you may receive two mailings of the same message.

What happens next?  We are told that the Court will consist of three magistrates, of whom one will be designated to study the Demanda and then report to the others.  The object of the “instructor” will be to determine if our case merits acceptance by the Court.  Our attorney estimates that this review would require a month.  If accepted, the process will be speedier than a normal trial because, for instance, there will be no witnesses called.  Instead, the plaintiffs’ attorney will present oral argument – which does not take long – and he may be summoned to provide “clarifications” as the case progresses.  The procedure(s) followed are streamlined to shorten the timeframe to conform to parameters set by recently enacted legislation governing the performance of this particular court.   

More later.

Grupo UCCR
www.ticostuff.com/uccr
uccr@ticostuff.com