Libya Reaches Lockerbie Settlement with US and UK

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Wednesday, October 1, 2003
Author: 
Bruce Zagaris
Volume: 
19
Issue: 
10
412
Abstract: 
On August 20, 2003, the U.S. State Department announced that Libya had begun transferring $2.7 billion to an international bank as compensation for the 270 victims of Pan American Flight 103 that crashed over Lockerbie, Scotland. The payments began in exchange for a lifting of UN sanctions against Libya, which denies criminal responsibility for the act. The settlements did not resolve claims from a Hartford insurance company which seeks to recover money it paid to victims, nor French desires for greater settlements surrounding a mid-air bombing in 1989. The complications that have arisen in Libya?s case demonstrate that it is easier to lift rather than impose economic sanctions.