UNCC approves Gulf War compensations of $182 million
The Governing Council of the United Nations Compensation Commission (UNCC) has approved awards of $181.6 million for compensation for losses suffered during the Iraqi attack and occupation of Kuwait in 1990-1991, reported the UN Information Service.
The Council approved five reports and recommendations of the panels of commissioners concerning claims from individuals, corporations and governments.
Individual claims for losses over $100,000 involved 500 applications filed on behalf of individuals by 17 governments and one international organization. Of these, 445 claims filed by 13 governments and one international organization were recommended for compensation, with a total award value of $129.1 million.
Oil sector claims involved 12 claims filed on behalf of corporations by five governments. Of these, 11 claims filed by five governments were approved by the Council for compensation, with a total award value of $36.4 million.
Non-Kuwaiti construction and engineering claims involved 13 claims filed on behalf of corporations by nine governments. Of these, six claims filed by six governments were approved by the Council for compensation, with a total award value of $13.7 million
Some three claims filed on behalf of corporations filed by governments were approved by the Council for compensation, with a total award value of $851,349.
Claims filed on behalf of insurance companies and export credit agencies involved 15 claims filed by six governments. Of these, two claims filed by two governments were approved by the Council for compensation, with a total award value of $1.5 million.
To date, the Commission has awarded compensation of over $43.7 billion, including the awards approved at the forty-sixth session. Over $16 billion of the amount awarded has been made available to governments and international organizations for distribution to successful claimants in all categories of claims.
The session just concluded was the last session for the delegations of Colombia, Ireland, Mauritius, Norway and Singapore, whose terms of office end on 31 December 2002. As of 1 January 2003, the five new members of the Security Council, Angola, Chile, Germany, Pakistan and Spain, will be joining the Governing Council for two-year terms. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
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