The Monetary Gold Removed from Rome in 1943 Case (Italy v. France, United Kingdom and United States)
was part of a long-running dispute over the fate of Nazi gold
that was originally seized from Rome
On 17 September 1943, 2,338 kg of gold were seized by the Germans
After the war, both Italy
claimed that this gold was theirs, and that the Commission for the Restitution of Monetary Gold
should return it to them.
On 17 November 1950, the commission informed their forming governments (France
, the UK
) that they could not resolve the issue.
On 25 April 1951, the three governments, having failed to reach an agreement, agreed to request that the International Court of Justice
appoint an independent arbitrator, who, on 20 February 1953, decided that the gold belonged to Albania.
However, the UK and Italy still laid claim to the gold: the UK as partial payment towards the (still unsettled) compensation that Albania was ordered to pay them against damage to UK navy vessels and loss of life during the Corfu Channel Incident
, caused by an undisclosed Albanian mine-field in Corfu (see the Corfu Channel Case
), whilst Italy claimed that most of the gold was originally Italian, seized by the Albanian government when it took control of the National Bank of Albania
(which Italy had the majority of shares in), and additionally that the Italian Peace Treaty
specifically gave them claim to the gold.
On 19 May 1953, Italy requested that the ICJ determine how much of the... Read More