Decision ID: 001369

In July 2002 the 1992 Fund Executive Committee and the 1971 Fund Administrative Council considered a proposal by the Director that the financial benefits of the global settlement should be shared between the 1971 Fund and the 1992 Fund in proportion to their respective maximum liabilities under the 1971 Fund Convention and the 1992 Fund Convention, namely 58 412 000 SDR and 75 million SDR respectively, ie the 1971 Fund would be liable for 43.783% and the 1992 Fund for 56.217%. As a consequence of the differing views expressed by delegations the Executive Committee and the Administrative Council decided to postpone their decisions and instructed the Director to carry out a study of the options available and their implications for the two Funds.

Date: 30.06.2002
Categories: Compensation payments, Legal actions
Subjects: Out-of-court settlements, Out-of-court settlements