Decisión nº: 000516

In December 1995, in a private session at which only the representatives of 1971 Fund Member States were present, the 1971 Fund Executive Committee decided that, since a successful recovery by the Fund of any significant amount was unlikely, the Fund should not challenge the shipowner’s right of limitation or take legal action against the shipowner to recover amounts paid by the Fund in compensation. The Committee also decided, however, that if new information became available indicating that the Fund had greater propspects of success, the Director should, after consultation wiith the Chairman, take action to challenge the shipowner’s right of limitation and take actions for recover, if such actions were still possible.