Decision ID: 000714

In February 1997 the 1971 Fund Executive Committee decided to authorise the Director to make payments on behalf of the 1971 Fund, however, in view of the uncertainty as to the level of the total amount of the claims, the Committee decided that payments should be limited to 60% of the amount of damage actually suffered by the respective claimants. The Committee decided that this percentage should be reviewed at its 53rd (April 1997) session in the light of further information as to the likely level of the claims and taking into account the position to be taken by the 1992 Fund Assembly.

Date: 01.02.1997
Category: Compensation payments
Subject: Level of payments