UN Compensation Commission Makes Available $1.2 Billion in Reparations to Kuwait (July 24, 2014) [1]
On July 24, 2014, the United Nations Compensation Commission (UNCC) [3] 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 [4], 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 [5] 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.