Unfrozen Assets

Much haggling in The Hague

In 1899 Tsar Nicholas II of Russia called a meeting of European leaders in The Hague, The Netherlands, to discuss disarmament and world peace. Out of that meeting was formed the Permanent Court of Arbitration that has ever since served as an international referee in settling disputes between sovereign nations. Last week, a new body, the Iran-U.S. Claims Tribunal, began proceedings in the court's headquarters. Its task will probably be far larger and more complicated than anything the old court encountered in its 82-year history: settling the claims of an estimated 3,300 corporations against the revolutionary government...

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