Decision ID: 003566

In June 2009 the 1992 Fund Executive Committee, recalling that it had in March 2009 endorsed the decision taken by the Director to commence recourse action against Samsung C&T Corporation and Samsung Heavy Industries in the Ningo Maritime Court in China and decided that the Fund should continue this recourse action, decided that if one or more delegations perceived that there was a need for a change in the 1992 Fund’s policy in respect of recourse action, any such change should be discussed in a session of the 1992 Fund Assembly based on a concrete proposal submitted by such delegations.