Abstract
Private property of enemies lost its absolute inviolability when at the end of World War I it was subjected to the claims of Allied nationals against Germany. After World War II enemy exterior assets became the object of reparations at the Potsdam Conference between the Governments of the United States, the Union of Soviet Socialist Eepublics, and the United Kingdom. To implement the Potsdam Agreement the Allied Control Council for Germany on October 30, 1945, enacted Law No. 5 which, inter alia, purported to vest in the Council title to German private assets in the neutral countries. In Switzerland this action eventually culminated in the Swiss-Allied Accord of May 25,1946, between France, the United Kingdom, the United States, and Switzerland, which provided for the liquidation of German property in Switzerland4 valued at approximately 150 million dollars. The proceeds of liquidation are to go fifty percent to Switzerland and fifty percent to the several governments signatory to the Paris Reparations Agreement of December 21, 1945.
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