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Article 5 Overeenkomst betreffende onderling strijdige aanspraken op buiten Duitsland gelegen Duitse bezittingen

Property Owned by German Enemies

A A foreign currency account („primary account”) maintained in favour of a German enemy by a financial institution in the territory of a Party („primary country”) covered in whole or in part by an account („cover account”) with a financial institution in the territory of another Party („secondary country”) shall be treated as follows: —

i) The cover account shall be released and the primary country shall reimburse the secondary country in an amount equal to 50 % of the cover account applicable to the primary account. Such reimbursement shall be made in accordance with the terms of Article 14 of this Annex.

ii) Where the secondary country has vested or otherwise taken under custodian control the income from German enemy property situated in the secondary country or the proceeds of the liquidation of German enemy owned securities issued by the secondary country or by a governmental or private organisation or person within its territory and which securities were held in a custody or depot account, such income or such proceeds may be retained by the secondary country and sub-paragraph (i) of this Paragraph shall not apply thereto.

B For the purpose of this Article accounts shall include named, numbered or otherwise specially designated accounts and sub-accounts as well as undesignated accounts and sub-accounts.

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