UNCC GOVERNING COUNCIL TO HOLD FORTY-FIFTH SESSION FROM 1 TO 3 OCTOBER 2002

UNCC GOVERNING COUNCIL TO HOLD FORTY-FIFTH SESSION FROM 1 TO 3 OCTOBER 2002

(Reissued as received.)

GENEVA, 27 September -- The Governing Council of the United Nations Compensation Commission (UNCC) will hold its forty-fifth session from 1 to

3 October 2002 under the presidency of Ambassador Sverre Bergh Johansen (Norway).

During the session, the Council will consider a number of reports and recommendations of the panels of commissioners concerning claims filed by individuals, corporations, and governments.  The Council will also discuss issues relating to the processing and payment of claims.

A press release with information on the results of the session will be issued on 3 October 2002.

The United Nations Compensation Commission 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 15-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.

More than 2.6 million claims have been received by the Commission within the filing deadlines.  The total asserted value of these claims (that is, the amount

sought by the claimants) amounts to over $300 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 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 Commission has resolved all category "A", "B" and "C" claims.

Claims resolved to date have been awarded compensation amounting to approximately $42.6 billion out of a total amount claimed of over $142.4 billion.

To date, the Commission has made available to governments and international organizations over $15.5 billion for distribution to successful claimants in all categories.  Funds to pay the awards of compensation are drawn from the United Nations Compensation Fund, which receives up to 30 per cent of the revenue generated by the export of Iraqi petroleum and petroleum products.  At present, the Compensation Fund receives 25 per cent of the proceeds under the "oil-for-food" mechanism in accordance with Security Council resolution 1409 (2002).

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

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