Decision ID: 001110
In April 2000 the 1971 Fund Administrative Council authorised the Director to conclude as soon possible an agreement with the Spanish State to extend the period during which the 1971 Fund could take recourse action against the Spanish State to recover 50% of the amounts paid by the Fund. The Council instructed the Director that, if an agreement on such an extension was not signed prior to 12 June 2000, the Director should take recourse action against the Spanish State in order to protect the Fund’s interests, pending a solution to the disagreement between the State and the Fund relating to the distribution of liabilities.