January 29, 2009
United Nations Compensation Commission
The United Nations Compensation Commission (UNCC), which settles damage claims from Iraq’s 1990 invasion of Kuwait, announced that $460 million was made available this week to 12 successful claimants. The announcement brought the total compensation made available to individuals, corporations, governments and international organizations to $26.9 billion. The UNCC was established in 1991 as a subsidiary organ of the Security Council. The UNCC has received nearly 3 million claims, including from close to 100 governments for themselves, their nationals or their corporations. The UNCC has identified six categories of claims: four categories are for individuals’ claims, one category is for corporations, and one category is for governments and international organizations (a category that includes claims for environmental damage). Most of the money made available to pay claims has come from the sale of Iraqi petroleum under the so-called Oil-for-Food programme (which ended in 2003) and later within arrangements made under Security Council resolutions.
Click here for more information on the United Nations Compensation Commission.
January 29, 2009 | Permalink
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