Decision ID: 001144

In October 2000 the 1971 Fund Administrative Council took the view that there was a considerable risk that a legal action against the Republic of Korea to recover the amounts paid by the Fund in compensation would not succeed, inter alia in view of Article 4.3 of the 1971 Fund Convention. Taking into account the relatively low amount of money involved, the Council decided that the 1971 Fund should not pursue the issue further by taking legal action against the Republic of Korea.