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War Reparations and the UN Compensation CommissionDesigning Compensation After Conflict$
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Timothy J. Feighery, Christopher S. Gibson, and Trevor M. Rajah

Print publication date: 2015

Print ISBN-13: 9780199389735

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:oso/9780199389735.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 September 2019

The KIA Claim

The KIA Claim

Costs of Financing Kuwait’s Reconstruction

Chapter:
(p.359) Chapter 13 The KIA Claim
Source:
War Reparations and the UN Compensation Commission
Author(s):

Caroline Nicholas

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199389735.003.0013

This chapter examines the adjudication of the largest single claim filed before the United Nations Compensation Commission (UNCC). This claim, submitted by the Kuwait Investment Authority, sought compensation for the costs of the reconstruction of Kuwait after the end of the occupation, and for other expenses supporting the people of Kuwait incurred during the occupation period and thereafter. It presented issues unique in the history of claims adjudication insofar as compensation was being sought not for the funds that were actually used to support reconstruction (i.e., funds liquidated from Kuwait’s Future Generations Fund, and funds borrowed from other sovereigns), but rather for the financial cost of liquidating or obtaining those funds.

Keywords:   Future Generations Fund, financing, liquidation, cost of money, interest, Portfolio Loss claims, Borrowing Costs claims

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