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(Jul 31, 2009) On July 29, 2009, the United Nations Compensation Commission (UNCC) paid a total of $430 million to settle the damage claims arising from the 1990 invasion of Kuwait by Iraq. Together with earlier payments, this action brings the total amount paid by the UNCC to close to $28 billion. The UNCC, based in Geneva, was established in 1991 under the Security Council of the U.N. and has over the years received nearly three million claims, from about 100 different nations. Claims have been made by governments as well as by private individuals and corporations.
The payments for the Kuwaiti claims were funded through the sale of Iraqi petroleum under the Oil for Food Program that existed up until 2003; since then, payments have come through arrangements made under Security Council resolutions. (UN Reparations Panel for Invasion of Kuwait Pays Out $430 Million, UN NEWS CENTRE, July 29, 2009, available at http://www.un.org/apps/news/story.asp?NewsID=31616&Cr=iraq&Cr1=k
- Author: Constance Johnson More by this author
- Topic: Property More on this topic
- Jurisdiction: United Nations More about this jurisdiction
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Last updated: 07/31/2009