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Certified claim

Definition

A claim officially validated by the Foreign Claims Settlement Commission (FCSC), establishing that a U.S. national had property confiscated by the Cuban government and assigning a dollar value to the loss. Under the Helms-Burton Act, the FCSC's determinations of fact and law are conclusive and not subject to judicial review.

Examples

  • The FCSC certified Havana Docks' claim at approximately $9 million, covering the dock facilities, land, concession rights, telephone stock, and repudiated debts.

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