PROBLEMS ARISING FROM THE LIQUIDATION OF RESIDUAL ASSETS OF FIRMS ABSORBED BY SOVIET AGS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R001200670001-8
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 4
• Document Creation Date: December 15, 2016
• Document Release Date: March 28, 2001
• Sequence Number: 1
• Publication Date: January 19, 1948
• Content Type: IR

IN 7 ELLf 'lE C4
CENTRAL GROUP
COUNTRY
Approved For Release 200
sign "one)
DP82-00457R001200670.00J
t.. V"
11 j '~
~.LI
25X1A
REPORT
SUBJECT Problems Ar'i.5ing Froci the i,i'iuidr.tion.
of Residuf::'_ Assets of F1rcl;; Absorbed by
cY iet AGs
1'711 GIN
25X1X
DATE: 25X1A
DIST.
PAGES
SUPPLEMENT
19
Janueiry 194P
4 25X1A
C,uvernrert of ; axoiay-Ar,': e 1t ~?alle/~'?,n1e g ^ net. 194r/
1?lr stor of '7conor.;'ics s.~r ?t"rc.n.:fort tiofl Auv1lst-Rebe1- trnsse 13
+U0t10r",.ics Pivision
To the Pove"Tnrent of 7Lt'r'd "- OXOny -Anhr' it
*"inister of "eonooics -rid rpr-nspi-~rtvtion
"'o "inist.er? TDieker, pe,scan-1
t'ajx.ef^rnle, 74erseburper tr.rfcase 9.
"ub ect: T :inuidr.tion of mercies, corn::unies the nredominultf, pr,rt of
`+, ose zt i ;etu iitu:; been trsn;-rerred to soviet .1Gs
,t the end Of August 1946, 1 procured for the Tirdustriz~:l Control
:'section (Pe triebskont.ro1ie i of the ri vision of Tconoraic Reform
the assipnccatt of liquid :t lnk the residur:i asset,. of r,ermeu com-
par,les after the trf:.sfer of the ri jor part of their assets to
the -;ovict ?`,C"~; . In pursuance of this on 27 4ugust
1945 1 gave the nec-:ssur;y irstructior>s to the iie%c,s of the ego-
nocti.c sections of tie off-ices cx the severr.1 Lendr,te and Rur-
germeiz;ter, 'and to t,i;e economic ex tLiner. s to ,)hoar had entrusted
the liouid :~,tion. It vac ordered th.-)t in riddit i on to the existing
iiquid,~ticr; commis.-i.on, ?Liiii1ch hc:d supervisory 41crht; regular
comcereir.i if 7uid)- _ rs iculd carry out tiie ; ci u,'' o' ",.rf: tion. To
represent ti,.e Lnnd r+overnrnent., in 1.ddition to two .res~ponsible of-
ficers of tie forr:,c.,r Goias ry, n economic exF: finer was appointed
to w:,ork coneurrent1t on e .eh oose. To gunrfantee the ;,sonar ex-
ecution of the 1irn ida N ior; with regard to roer_,iT-ent i_c-"r*-ii regu-
lations, the econo.aic exr:r.:ir,e}r.. .!.ere to be enTril-ted the
actual practical JL:~.uidrtion of the comoanies. ' cent in the cases
of f r-,%er }:#.nTr-- toe jin ia'-tjo?n err-Lf- ;sion'srs and Zf
?i.f :-= ors --orw, ._rt?:a to de 3 ;?'oith the rt--s idu"1 Cttt[lr)f?r iP t4ere erg
f. Yrts= I.'no> JAI the past hod been enaa)aeci ^ric r11 7 in the pre
i or of t:re ,Vrir. rv i ition b, i ree:3 and the terr7inr tion of
v'-riottc, bike, l r e.,: .:r-itters..
This document is here by regraded to
with the
letter Of
The
Directc., 0`
Next
this document contains infor .
nation etf ectln7- the nntfonal
defense of the United-totes
within; the -Q; rirt of t. a sr-^i.on-
age +.Ct! ~~
` .`' tL+,,. On j2 a F.
amended.tr transmlas(on or
the revels: ti on of its contents in
any manner to on unauthorized
person is prohibited by law.
 L
To protect the Land government from sccunations of tntvoritisr7 to
creditors, the liquidators, in a circular of 6 September 1946,
were categorically en3oinwd from undertcking any further pay-
ments to creditors. observation of this principle was circum-
vented in some cases under pressure on the part of thi linuida.-
tion coma ission or the soviet A affected, in order not to call
into question current contracts and other delivery agreements.
The justiciate of the Economics Division grr:nted approval in in-
dividual cases.
My office was kept currently informed of the progress of the lip-
uidf.itions through receipt of minutes of sessions ..nd numerous
other documents. Moreover, Mr. Friedheim r.nd I participated in
some ce:aes in sessions of the linuidction commissions. Tustici,pry
ys?uke fnlso give the commission the benefit of his legal experience.
In the transfer directives of FE?, Hc1le, the liquidation of the
assets and liabilities not earmarked for transference was ger.eral--
ly ordered. hollowing the provisions of aermcn commercial law,
the band government sanctioned the liquidation of companies only
in those cases where such action did not interfere with the pr.in--
ciples of legal registr;:tion. In order that all precautions
might he t