Richard Buxbaum Notes Precedent in Investors’ German Bonds Case

The Associated Press, September 6, 2010 by Curt Anderson

Richard Buxbaum … said the U.S. government set up a fund for investors by seizing Chinese assets in a case involving unpaid bonds from pre-communist China. In the German bonds case, he said, the key for a U.S. judge will be to decide if Germany’s system of authenticating the securities passes U.S. constitutional muster. ”You have to show some proof of ownership,” Buxbaum said. ”My guess is that the American courts would apply the German law.”