2001 | Holocaust Victim Assets Program (HVAP) (CRT-II)
The CRT (see: Claims Resolution Tribunal for Dormant Accounts in Switzerland) began a new phase of its existence when it was charged with the processing of Deposited Assets claims as part of a Global Settlement. It is now known as CRT-II
The Holocaust Victim Assets Program is unusual in having resulted from a class action litigation in a US District Court. The Claims Resolution Process derives from three important documents: (1) the Settlement Agreement issuing from this action in the U.S. District Court for the Eastern District of New York; (2) the Final Order and Judgment of the Court approving the Settlement Agreement; and (3) the Plan of Allocation and Distribution proposed by Special Master Judah Gribetz, approved by Judge Korman on November 22, 2000, and upheld by the United States Court of Appeals for the Second Circuit on July 26, 2001.