FIFTY-FIFTH SESSION OF THE UNCC GOVERNING COUNCIL TO BE HELD FROM 8 TO 10 MARCH 2005
The Governing Council of the United Nations Compensation Commission will hold its fifty-fifth session from 8 to10 March 2005 under the Presidency of Ambassador Tassos Kriekoukis (Greece).
During the session, the Council will consider five reports and recommendations of panels of Commissioners mainly concerning claims from individuals, and will discuss issues relating to the processing and payment of claims.
A press release with information on the results of the fifty-fifth session will be issued on 10 March 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 secretariat, headed by the Executive Secretary, services and provides assistance to the Governing Council and the panels of Commissioners.
More than 2.6 million claims have been received by the Commission within the filing deadlines. The total asserted value of these claims (i.e., the amount sought by the claimants) amounts to approximately $ 350 billion. Ninety-six Governments have filed claims on behalf of their nationals, corporations and themselves, as well as thirteen offices of three international organizations, which have filed claims on behalf of individuals not in a position to submit their claims through a Government. In addition, the Commission received in 2002 approximately 46,000 Palestinian "late filed" category "C" and "D" claims from individuals.
To date, the Commission has resolved approximately 99 per cent of the claims submitted, consisting 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). The remaining claims currently undergoing processing include claims in category "D", "F4" environmental claims, and "late filed" Palestinian claims.
Claims resolved to date have been awarded compensation amounting to approximately $ 51.8 billion out of a total amount claimed of approximately $ 300.8 billion.
To date, the Commission has made available to Governments and international organizations approximately $ 19 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.
For use of the information media; not an official record
UNCC05004E