About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

B-201150 1 (1981-05-13)

handle is hein.gao/gaobadjjw0001 and id is 1 raw text is: DECISION FILE: B-201150 MATTER OF: ( DIGEST: r - Claims to Proceeds of Foreign Claims Settlement CommissiOn Award to American Club, Inc. The issue of paying various claimants who claim to have held debentures of American Club, a corporation which was awarded funds by the Foreign Claims Settlement Com- mission and which has since dissolved, was presented for our consideration. Court settlement and distribution order showing distribution of American Club debentures and affidavit of claimant's son is sufficient corrobora- tion of one claimant's assertions to allow payment of claim on condition that confirmation is obtained from two other legatees. In view of difficulties in producing evidence and consistent with our decisions permitting consideration of evidence from which necessary informa- tion might reasonably be reconstructed, a second claim- ant's position in the American Club, knowledge of its structure, and execution of Club responsibilities, are sufficient to corroborate his assertions about his deben- ture holdings. Despite difficulties of producing evi- dence, claims of other claimants, based solely on uncorroborated statements or affidavits, must be denied. This responds to a Trtsury Departmentrequestunder 31 C.F.R. § 250.4(f)(concerning the ufficiency of evidence' upporti-a-nim- b claims to proceeds of v Foreign Claims Settlement Commission awardjto the American Club, Inc. For the reasons given below, we find that claimants Rosie Regina Friedman and Norwood F. Allman are entitled to their proportionate share of the proceeds. On the other hand, we conclude that the claimants whose support of claim consists solely of uncorroborated statements are not entitled to proceeds of the award. 1. Facts The claims presented in this matter are based on a claim by the American Club, Inc. against the People's Republic of ChinaS. The American Club claim was brought under Title V of the International Claims Settlement Act of 1949, as amended, 22 U.S.C. §§ 1643-1643k. That title authorized theLForeign Claims Settlement Commission to -5 - determine the validity and amount of claims of United States ~1z~1. THE COMPTROLLER GENER OF THE UNITEO 3TATES WASHINGTON, . C. 20548 DATE: May 13, 1981

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most