Decision ID: 001978
In October 2006 the 1971 Fund Administrative Council noted that in September 2006 the owner of the tug (Falcon 1) which had been towing the Pontoon 300 at the time of the incident had reached a settlement agreement with Umm Al Quwain Municipality (whose claim the 1971 Fund had maintained had become time-barred vis-à-vis the Fund) and that the Municipality’s lawyer had requested the action against the Fund to be withdrawn. The Council decided to authorise the Director to inrease the level of the 1971 Fund’s payments from 75% to 100% of all settled claims if the legal action against the 1971 Fund was withdrawn.