The French Commission, headed by former Minister Jean Matteoli, which was established in 1997 to investigate the wrongful confiscation of Jewish property under the Vichy regime during World War II, has issued its long awaited report.
Although between 90 and 95 percent of the property, which included apartments, securities, businesses, bank accounts, fine furniture and works of art, was returned to owners or their heirs after the war, the Commission found that a significant amount of property hasn’t been restored, either as there were no claimants, or they have yet to be identified.
One of the Commission’s 19 recommendations specifically addressed concerns over property held by banks and insurers, characterizing the situation as very unclear. Those insurers and banks, that have refused to make interest payments on annuities and other obligations for various reasons, were singled out by the commission.
It recommended further study, and the possibility that future changes in company articles and by-laws, including merger agreements and buyouts should be made contingent on full disclosure of the status of any such unpaid liabilities.
Was this article valuable?
Here are more articles you may enjoy.
Florida Appeals Court Bars Release of ‘Trade Secret’ Info in Heritage Claims Litigation 
AIG Steps Back from NPW Growth Target on Pressure in Some Lines 
Private Jet’s Pilot Reported Turbulence Before Florida Crash 
Municipal Insurer Must Pay Share of $14.9 Million Wrongful Incarceration Settlement 
