Decision ID: 003237

In October 2002 the 1992 Fund Executive Committee and the 1971 Fund Administrative Council considered how the distibution of the financial benefits of joint recourse actions should be made in a hypothetical case similar to the Nakhodka incident involving the 1992 Fund and the Supplementary Fund. It was agreed that the issue of the distribution of the benefits resulting from a joint recourse action taken by the 1992 Fund and the Supplementary Fund as well as the sharing of the financial burden if the action was unsuccessful could be considered by the respective governing bodies when they decided that recourse action should be taken, in the light of the particular circumstances of the case.