Word: interhandel
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Dates: during 1950-1959
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GENERAL ANILINE TRUCE is coming nearer. World Court at The Hague refused to rule on plea by Swiss Interhandel company to return General Aniline to it, on ground U.S. illegally seized Aniline as enemy company in World War II. Court's action will spur negotiated compromise now going...
...Aniline & Film Corp., the huge chemical firm that has been a bone of contention ever since World War II, when it was seized by the U.S. as enemy property (TIME, Oct. 14). The Swiss claim that the stock of the $163 million company rightfully belongs to Switzerland's Interhandel holding company, which ran General Aniline before World War II. The U.S. insists that Interhandel was merely a front for Nazi Germany's I.G. Farben...
Passing up the opportunity to set an example for the legal settlement of international disputes, the U.S. last week refused to argue the case at The Hague-and thus all but ended Interhandel's long struggle to regain the company. As a founder of the World Court, though never a defendant there, the U.S. exercised its treaty right to refuse trial in "matters essentially within domestic jurisdiction." Unless the U.S. Supreme Court (which has already turned down one appeal by Interhandel and now has another to consider on a technical point) reverses its position, the sale of rich...
...part suit Switzerland demanded that the U.S. either return General Aniline to the Swiss Interhandel holding company that ran it until 1942 or submit the case to an international panel of arbiters. The U.S. in the past has refused arbitration. Secretary of State John Foster Dulles has been talking a lot lately about the rule of law in international affairs, but last week the Department said it will not decide whether it will let the case go to the World Court until after it is formally served with a copy of the suit...
...legal issue hinges on the U.S. charge that General Aniline's parent, Interhandel, was really a front for Nazi Germany's I. G. Farben. But Swiss-based Interhandel and 1,500 of its stockholders proclaimed that they were not German-controlled; in a maze of litigation they tied up persistent U.S. attempts to sell off General Aniline stock to the public. U.S. lower courts and a Federal Court of Appeals turned down Interhandel's plea for a return of the stock. The loss in court was largely the Swiss government's own fault; its stiff banking...