Word: interhandel
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...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...
ALIEN property custodians may soon be able to sell their controlling interest in the $138 million General Aniline & Film Corp., seized as Nazi property during the war. A five-year lawsuit brought by Interhandel, a Swiss holding company that claims ownership of most of the stock now held by the U.S. Government, has just been thrown out of court for lack of proof of its basic proposition: that all connection with Germany was broken before the war. Interhandel will appeal, but Congress will be asked to pass a special bill letting the Government sell the property anyway...
...belief that G.A.F.'s Swiss parent, I.G. Chemie, was a front for Germany's I.G. Farben. But since the war's end I.G. Chemie has intensified its claims that it never was any such thing. Remington has bought large interests in I.G. Chemie-and in Interhandel, its corporate successor. If Rand can prove that U.S. seizure of G.A.F. was unwarranted, it will have to be returned to the Swiss, with whom his chances of doing business are good...