Opinion ID: 2620362
Heading Depth: 3
Heading Rank: 1

Heading: an earlier Opening Date, if appropriate

Text: examination of registrations by the Foreign Representative and the Examining Agency is -7- Late registration was allowed only if failure to register within the specified period was without . . . fault. Id. at 855. West Germany and the United States entered into two related bilateral treaties in 1953, which were negotiated at the same time as the London Debt Agreement. The first, signed February 27, 1953, incorporated the validation procedures set out in the German Validation Law. February 1953 Treaty, 4 U.S.T. at 801-02. Significantly, the February 1953 Treaty established the Board for the Validation of German Bonds in the United States in New York City to adjudicate validation claims in the United States, along with twelve regional Arbitration Boards throughout the United States to review the decisions of the Validation Board. Id. at 803, 805, 824-25. April 1, 1953 Treaty The second treaty, signed April 1, 1953, is of even more significance. It set forth the limited conditions for the enforcement of outstanding German bonds in the U.S. courts. Article II of the April 1953 Treaty provides: No bond . . . referred to in the first sentence of Article I above shall be enforceable unless and until it shall be already assured on such date, or