Compensating for wartime looting

Settlement of Holocaust claims


Counter Claim:

1. Swiss banks paid US$1.25 milliard in settlement of Holocaust claims. That opened the floodgates, spurring personal injury lawyers and class action specialists to seek bounties from banks (unredeemed accounts), insurers (unpaid death benefits) and manufacturers (uncompensated forced labour) throughout Europe. There are few survivors left who will benefit from these money transfers. It is late, very late for this kind of restitution. Instead, what is happening is that the lawyers and community bureaucrats will reap the power and the payoff that comes from collecting in the name of those whose names are forever lost. They risk causing an industry to be made on the memory of victims.

Type Classification:
G: Very Specific strategies
Related UN Sustainable Development Goals:
GOAL 15: Life on LandGOAL 16: Peace and Justice Strong Institutions