FIFTY-SIXTH SESSION OF THE UNCC GOVERNING COUNCIL TO BE HELD FROM 28 TO 30 JUNE 2005

The Governing Council of the United Nations Compensation Commission will hold its fifty-sixth session from 28 to 30 June 2005 under the Presidency of Ambassador Tassos Kriekoukis (Greece).

During the session, the Council will consider four reports and recommendations of panels of Commissioners concerning claims from individuals and environmental claims from Governments, and will discuss issues relating to the processing and payment of claims.

A press release with information on the results of the fifty-sixth session will be issued on 30 June 2005.

The United Nations Compensation Commission ("the 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 Commission is composed of the Governing Council, panels of Commissioners, and the secretariat.

The Governing Council is the policy-making organ of the UNCC. Its composition is the same as that of the fifteen-member Security Council at any given time. The Governing Council makes decisions on recommendations made by the panels of Commissioners regarding compensation for claimants.

The panels of Commissioners review and evaluate the claims submitted by Governments on behalf of their nationals, their companies or on their own behalf. On the basis of their review, undertaken in instalments of claims, the panels recommend compensation awards to the Governing Council.

The secretariat, headed by the Executive Secretary, services and provides assistance to the Governing Council and the panels of Commissioners.

The Commission has received approximately 2.7 million claims. The total asserted value of these claims (i.e., the amount sought by the claimants) amounts to approximately $ 354 billion. Ninety-six 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 consist 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).

Claims resolved to date have been awarded compensation amounting to approximately $ 52.1 billion out of a total amount claimed of approximately $ 303 billion. The approximately 33,000 remaining claims will be considered by the Governing Council at its fifty-sixth session, marking the end of claims processing by the UNCC.

To date, the Commission has made available to Governments and international organizations approximately $ 19.2 billion for distribution to successful claimants in all categories. Funds to pay compensation are drawn from the United Nations Compensation Fund, which receives a percentage of the proceeds generated by the export sales of Iraqi petroleum and petroleum products. This percentage was originally set at 30 per cent by the Security Council under its resolution 705 (1991), and was maintained in Security Council resolution 986 (1995) as well as in a number of subsequent resolutions, establishing and extending the "oil-for-food" mechanism. The level of funding was changed to 25 per cent as of December 2000 under Security Council resolution 1330 (2000). Finally, paragraph 21 of Security Council resolution 1483 (2003), adopted on 22 May 2003, changed the level of the proceeds of all export sales of Iraqi petroleum, petroleum products, and natural gas to be deposited into the Compensation Fund to 5 per cent.

Further information about the Compensation Commission can be found on its website located at www.uncc.ch.