Third Implementing Regulation on the German Foreign Bonds (United Kingdom of Great Britain and Northern Ireland) eviction law

Unofficial table of contents

AuslWBGDV 3

Date of completion: 10.07.1953

Full quote:

"Third Implementing Regulation on the Cleanup Act for German Foreign Bonds (United Kingdom of Great Britain and Northern Ireland) in the revised version published in the Bundesgesetzblatt Part III, Outline No. 4139-2-3"

Footnote

(+ + + Text proof applicable: 1.1.1964 + + +) 

  

Title: This provision shall not apply in the territory referred to in Article 3 of the agreement. L. I chap. IV Sachg. A Sect. I N ° 9 EinigVtr v. 31.8.1990 iVm Art. 1 G v. 23.9.1990 II 885, 964 Unofficial table of contents

Input formula

On the basis of § 23 (5), § 24 (4), § 35 (2) and § 76 of the German Bonds Act of 25 August 1952 (Bundesgesetzbl. I p. 553), the Federal Government is responsible for: Unofficial table of contents

§ 1 Scope and definitions

(1) This Regulation shall cover all securities of the type listed in the list of foreign bonds (Section 1 (1) of the Law) or included in the list (Section 1 (2) of the Law), including the subsidiary documents. (Section 5 of the Act), to the extent that the United Kingdom of Great Britain and Northern Ireland is designated as the country of devotion (hereinafter referred to as "Sterlingbonds"). (2) For the purposes of this Regulation, the term "foreign agent" shall mean the term of office of the United Kingdom and Northern Ireland as the country of the United Kingdom pursuant to Section 8 (1) of the Act Foreign plenipotentiaries as well as a permanent representative appointed for him pursuant to Section 8 (7) of the Act.

Footnote

Section 1 (1) italics: unfounded empowerment Unofficial table of contents

§ 2 Deposit of the Bonds

A deposit of sterling bonds in accordance with Section 23 (2) of the Act is only allowed in the United Kingdom of Great Britain and Northern Ireland in the case of the payment agents responsible for the bond. Unofficial table of contents

§ 3 Evidence

(1) By the certificate issued by an authorized custodian (paragraph 2), that the registered sterling bond is held by or for it pursuant to Section 15 (2) of the Exchange Control Act, 1947, and that the conditions of § 16 (1) of the said In the case of Bond before the date on which the foreign agent indicates the commencement of the eviction procedure in London, unless otherwise indicated in the certificate, the bond shall be proved to be a A foreign item within the meaning of Section 3 (2) of the Act, and a claim for recognition of the Bonds (2) Authorized custodians within the meaning of paragraph 1 shall be the persons who are entitled to act as such under the Exchange Control Act, 1947. Unofficial table of contents

§ 4 Legal arbitration tribunals

(1) An arbitral tribunal shall be established by the United Kingdom of Great Britain and Northern Ireland in accordance with Section 35 of the Law for the United Kingdom of Great Britain and Northern Ireland for the purpose of rejecting decisions of the International Plenipotentiary The Court of Arbitration shall be based in London. (2) The arbitral tribunal shall be composed of three arbitrators, one of which shall be a presiding judge and two consents. The pre-sitter and a co-sitter must be members of the English Bar Council (Barristers or Solicitors) with at least three years ' professional experience. (3) The referees are appointed by the Federal Minister of Finance. § 77 of the Act shall apply mutatily for the appointment. The nomination will be published in the Federal Gazette. (4) The Federal Minister of Finance can revoke the appointment of an arbitrator if he grossly violates his official duties. § 77 of the Act shall apply mutatily. In order to appoint a successor, paragraph 3 shall apply. (5) The application for a arbitration decision shall be submitted in writing to the foreign agent. The application shall be accompanied by five copies. The foreign agent shall submit a copy of the examination office, the issuer and the trustees and the payment agent, with the invitation to submit their comments within two months of the date of delivery. The foreign agent may extend this period on request, but not more than three months. After the expiry of the period, the foreign agent shall submit the application to the arbitral tribunal, together with the delivery evidence, the comments received, his own opinion and his documents. (6) The arbitral tribunal may (7) The arbitral tribunal shall take its decisions by decision of the two co-sitters, if they are agreed. If they do not agree, they shall submit the matter to the presiding judge whose decision in this case constitutes the decision of the arbitral tribunal. (8) The arbitral tribunal shall make its decision to the foreign agent and to the applicant to. The foreign agent shall inform the Examination Office, the issuer and the trustees and payment agents of the decision. (9) In addition, the arbitral tribunal shall determine its proceedings at the discretion of the arbitrator. Unofficial table of contents

§ 5 deliveries

In accordance with the law or under this Regulation, the United Kingdom of Great Britain and Northern Ireland may, in accordance with Section 70 (2) of the Act, be entitled to return to the United Kingdom by registered letter. Unofficial table of contents

§ 6 Land Berlin

According to § 14 of the Law on the Position of the Land Berlin in the financial system of the Federal Government (Third Transfer Act) of 4 January 1952 (Federal Law Gazette). 1) in conjunction with Section 78 of the Act, this Regulation shall also apply in the Land of Berlin. Unofficial table of contents

Section 7 Entry into force

This Regulation shall enter into force on the day following that of its announcement.