SEVENTY-FOURTH SESSION OF THE UNITED NATIONS COMPENSATION COMMISSION GOVERNING COUNCIL TO BE HELD FROM 27 TO 29 NOVEMBER
26 November 2012
The Governing Council of the United Nations Compensation Commission will hold its seventy-fourth session from 27 to 29 November 2012 under the Presidency of Ambassador Hanns Heinrich Schumacher (Permanent Representative of Germany). Delegations from Iraq, Jordan, Kuwait and Saudi Arabia will address the Council at its opening plenary session.
During the session, the Governing Council will consider reports relating to the work of the Compensation Commission since the last session in May 2012, and will also discuss issues related to the Follow-up Programme for Environmental Awards established by the Council to monitor the technical and financial implementation of $4.3 billion awarded for environmental remediation and restoration projects; the arrangements for ensuring continued payments and current levels of income to the Compensation Fund; and other payment related activities.
General background information on the work of the Compensation Commission is provided below.
A press release with information on the results of the seventy-fourth session will be issued on 29 November 2012.
The United Nations Compensation Commission (UNCC) is a subsidiary organ of the United Nations Security Council. It was established in accordance with Security Council resolutions 687 (1991) and 692 (1991) to process claims and pay 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 (2 August 1990 to 2 March 1991).
The Compensation Commission received approximately 2.7 million claims. The total asserted value of these claims (i.e., the amount sought by the claimants) amounts to approximately $352.5 billion. Ninety-seven Governments filed claims on behalf of their nationals, corporations and themselves, as well as thirteen offices of three international organizations, which filed claims on behalf of individuals not in a position to submit their claims through a Government. They consisted of the claims of individuals for departure from Kuwait or Iraq (category A claims), the claims of individuals for serious personal injury or death (category B claims), the claims of individuals for losses up to $100,000 (category C claims), the claims of individuals for losses over $100,000 (category D claims), the claims of corporations, other private legal entities and public sector enterprises (category E claims), and the claims of Governments and international organizations (category F claims). In June 2005, the Commission completed its processing of all submitted claims. The total compensation awarded amounts to approximately $52.4 billion.
To date, the Compensation Commission has made available to Governments and international organizations approximately $38.8 billion for distribution to successful claimants in all categories. Funds to pay compensation are drawn from the United Nations Compensation Fund, which currently receives five per cent of the proceeds generated by the export sales of Iraqi petroleum and petroleum products.
Further information about the Compensation Commission can be found on its website located at www.uncc.ch.
For use of the information media; not an official record