Who will adjudicate Policy Claims and Looted Asset Claims?
In order to provide a fair, speedy, and equitable resolution of Policy Claims and insurance-related Looted Asset Claims, the Tribunal has been given authority to receive and adjudicate Policy Claims. The Tribunal is an independent body established by ICEP in 1997. Initially, the Tribunal’s mandate was to adjudicate claims of entitlement to approximately 5,570 foreign dormant accounts that had been published in two lists by the Swiss banks in 1997. On December 8, 2000, Judge Korman appointed Mr. Paul Volcker and Mr. Michael Bradfield, for Chairman and Counsel, respectively, of the ICEP, as Special Masters, to organize and supervise the Tribunal.
