Chicago court rejects Holocaust claims against Hungary’s central bank, says ministry

A court in Chicago has rejected a case against the National Bank of Hungary and Hungarian state railways MAV filed by Holocaust survivors and their heirs seeking compensation for property of victims of the Holocaust, the National Development Ministry said on Saturday.

The United States Court of Appeals for the Seventh Circuit said the plaintiffs must first seek legal recourse in Hungary, before they do so in the United States.
The court did not accept the plaintiffs’ arguments that Hungarian courts are not independent and could not ensure a just procedure. It said the claim was based on “pure speculation”, the ministry said in a statement.
The statement said the lawsuit was initiated in the United States in 2010.
In connection with the case that has been going on for years, Hungary has consistently stated that its legal system allows appropriate remedy and compensation for Holocaust survivors, the statement said.

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