Comments
On July 24, 2014, the United Nations Compensation Commission (UNCC) made $1.19 billion available to the Government of Kuwait as part of the $14.7 billion it previously awarded the Kuwaiti Government for a claim it submitted on behalf of the Kuwait Petroleum Corporation. According to the press release, the Commission “awarded $14.7 billion in 2000 for oil production and sales losses as a result of damages to Kuwait’s oil field assets.” The Security Council, acting under Chapter VII, established the UNCC in 1991 to process claims and pay compensation for losses stemming from Iraq’s 1990 unlawful invasion and occupation of Kuwait. To date, the UNCC has awarded approximately $52.4 billion to over 100 Governments, international organizations, and individuals for distribution to 1.5 million claims.