Compensation for Nationalized Property: The British Practice

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Abstract
The United Kingdom, like the United States, tried after the last war to protect the interests of its citizens in the many Central and Eastern European countries in which first the means of production and not much later the means of distribution were “nationalized.” Its success in these endeavors was about as disappointing as that of the United States. Neither the United Kingdom nor the United States succeeded in protecting in these countries the individual rights of their citizens by means of diplomatic intervention. The disintegration of the conception of property rights in Europe has gone so far that no individual claimant seems to have been able to obtain full satisfaction. Only where timely economic countermeasures were taken against the confiscating states could compensation agreements be concluded which provide for some measure of compensation.

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