The United States-Bulgarian Claims Agreement of 1963
After two and one-half years of negotiation, an agreement settling claims of the United States against Bulgaria was signed at Sofia on July 2, 1963. Under its terms Bulgaria will pay a lump sum of $3,543,398 in settlement of the claims of United States nationals arising out of war damage, nationalization of property and certain financial debts. Together with the Rumanian lump-sum settlement of 1960, which it closely parallels, the Bulgarian agreement constitutes a unique development in postwar international claims practice, for it follows rather than precedes a unilateral adjudication of the claims by the Foreign Claims Settlement Commission, a United States national claims commission acting pursuant to domestic claims legislation. Avoiding some of the problems of its predecessor, so ably considered in an article by a former Department of State attorney, the present agreement “merits analysis, not only for the benefit of private claimants involved, but also for a general understanding of technical, concrete experience in settling international disputes in a day when the chief talk revolves about grandiose schemes of the rule of law.”