Precedent in The United Nations Compensation Commission
Article from: TDM 3 (2008), in Precedent in Investment Arbitration
Introduction
The United Nations Compensation Commission (UNCC) processes claims and pays compensation for losses and damages suffered by individuals, corporations and governments as a direct result of Iraq's illegal invasion and occupation of Kuwait on 2 August 1990. A subsidiary body of the UN Security Council, the UNCC performs what may be de-scribed as a fact finding function of examining claims for compensation, verifying their validity, evaluating losses and making payment of awards.' The UNCC is, accordingly, an international administrative body rather than an ...