Abrey v. Reusch

HERLANDS, District Judge.

The pending motions in this litigation present a problem of judicial review in the field of international administrative law.

Plaintiff holds two hundred and forty-five $1,000 bearer bonds issued by a German corporation, Vereinigte Stahlwerke Aktiengesellschaft. (This corporation and its successors are referred to as the “Steel Works.”) Those bonds have been declared invalid by an international administrative agency, the “Board for the Validation of German Bonds in the United States.” This Board (referred to herein as the “Validation Board”) functions under a 1953…