Litvinov Assignment Law and Legal Definition

Pursuant to 22 USCS § 1641 (6) [Title 22. Foreign Relations And Intercourse; Chapter 21. Settlement Of International Claims; Claims Against Bulgaria, Hungary, Rumania, Italy, And The Soviet Union] the term Litvinov Assignment means “(A) the communication dated November 16, 1933, from Maxim Litvinov to President Franklin D. Roosevelt, wherein the Soviet Government assigned to the Government of the United States amounts admitted or found to be due it as the successor of prior governments of Russia, or otherwise, preparatory to a final settlement of the claims outstanding between the two Governments and the claims of their nationals; (B) the communication dated November 16, 1933, from President Franklin D. Roosevelt to Maxim Litvinov, accepting such assignment; and (C) the assignments executed by Serge Ughet on August 25, 1933, and November 15, 1933, assigning certain assets to the Government of the United States.”