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Article 24 Overeenkomst betreffende onderling strijdige aanspraken op buiten Duitsland gelegen Duitse bezittingen

Property owned by Enterprises Organised Under the Laws of Germany

A Release of property under this Part shall be made in kind unless:

(i) the property has been liquidated prior to the date on which an eligible sponsored claim is filed with respect to the property pursuant to Article 23 of this Annex; or

(ii) the Parties concerned agree that release in kind would not be practicable; or

(iii) the property to be released is a production enterprise or a substantial interest therein, and such property or the enterprise organised under the laws of Germany is German controlled and, after full consideration of the economic interests of the other Party or Parties concerned, the Party in whose jurisdiction the property is located determines in exceptional cases that its national security nevertheless requires retention of the property and gives notice to the other Party of Parties to that effect.

B Where release is not made in kind, there shall be released in substitution the proceeds of the sale or liquidation of the property which would otherwise have been released in kind. If such property has not been sold or liquidated within one year after agreement under sub-paragraph (ii) of Paragraph A of this Article or the giving of notice under sub-paragraph (iii) thereof, or within an agreed extension beyond that period, the value of the property retained as determined by accepted principles of valuation shall be released.

Regeling
Overeenkomst betreffende onderling strijdige aanspraken op buiten Duitsland gelegen Duitse bezittingen
Soort
Verdrag
Geldend vanaf
24-01-1951
BWB-id
BWBV0005692
Versie
1951-01-24_0

In de hele regeling · Officiële tekst op wetten.overheid.nl