The Governing Council of the United Nations Compensation Commission will hold its forty-eighth session from June 24 to 26 under the Presidency of Ambassador Walter Lewalter of Germany.
During the session, the Council will consider a number of reports and recommendations of the panels of Commissioners concerning claims filed for compensation for direct losses and damage suffered by individuals, corporations, governments and international organizations as a direct result of Iraq's unlawful invasion and occupation of Kuwait in 1990-1991.
More than 2.6 million claims have been received by the Commission within the filing deadlines. The total asserted value of these claims amounts to approximately $350 billion. Ninety-six governments have filed claims on behalf of their nationals, corporations and themselves, as well as 13 offices of three international organizations, which have filed claims on behalf of individuals not in a position to submit their claims through a government.
To date, the Commission has resolved over 98 percent of the claims submitted. Claims resolved to date have been awarded compensation amounting to approximately $44 billion out of a total amount claimed of over $151.4 billion. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
