VOL. XLI

No. 27

6-July-1998

IRAQ

UNCC Awards $187Mn In Corporate Claims

On 1 July the Governing Council of the Geneva-based United Nations CompensationsCommittee (UNCC) awarded compensation of $187mn out of a total $1.9bn claimed from Iraq byfour companies. India's Continental Construction Ltd. ($16mn out $472mn), Kuwait's GulfCable and Electrical Co. ($55mn out of $125mn), South Korea's Hyundai Construction ($34mnout of $1bn) and Russia's Technopromexport ($82mn out of $326mn) received only...