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Damage Assessment in Mass Conflicts: Understanding the September 11 Victim Compensation Fund Schemes

DOI: 10.4236/blr.2024.152047, PP. 776-792

Keywords: Class Actions, Mass Disputes, Collective Agreements, Damage Assessment, September 11 Victim Compensation Fund

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Abstract:

The article aims to examine the characteristics of the damage assessment schemes that are responsible for the success of the September 11 Victim Compensation Fund. To this end, the fundamental concepts for understanding mass conflicts and the modalities of collective agreements will be presented first, considering the nature of the obligations involved. This will be followed by a more detailed presentation of the underlying facts and the methodology used in the schemes for fixing damages resulting from the terrorist acts of September 11, 2001. At the end, findings relevant to the success of the methodology employed will be presented. The factual support is provided by the case study, with emphasis on the data extracted from the annual reports (VCF Annual Report) published by the United States Government. The research method used is descriptive legal research using a quantitative descriptive analysis method approach and processing primary and secondary data.

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