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Sixth implementing regulation on the German foreign bond law (Belgium)

Original Language Title: Sechste Durchführungsverordnung zum Bereinigungsgesetz für deutsche Auslandsbonds (Belgien)

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Sixth implementing regulation on the German foreign bond law (Belgium)

Unofficial table of contents

AuslWBGDV 6

Date of completion: 01.10.1953

Full quote:

"Sixth Implementing Regulation on the Cleanup Act for German Foreign Bonds (Belgium) in the adjusted version published in the Bundesgesetzblatt, Part III, outline number 4139-2-6,"

Footnote

(+ + + Proof of text validity from: 1 1.1964 + + +) 

This provision shall not apply in accordance with 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 section 23 (5), section 35 (2) and section 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. (2) For the purposes of this Regulation, the term "the foreign agent" refers to the foreign agent appointed for Belgium pursuant to Section 8 (1) of the Act and one for him Permanent representatives appointed pursuant to Section 8 (7) of the Act. Unofficial table of contents

§ 2 Deposit of the Bonds

(1) A deposit of foreign bonds in accordance with Article 23 (2) of the Act is permissible in Belgium only with a bank issued by the Belgian Banking Commission pursuant to Article 2 of the Royal Belgian Regulation No. 185 of 9 July 1935. (2) The power of the foreign agent to allow a derogation in accordance with Section 23 (4) of the Act in individual cases remains unaffected; the foreign agent may, in particular, allow foreign bonds to be issued in the event of a in the case of banks other than the banks referred to in paragraph 1, remain there, provided that a certificate is provided in accordance with Section 23 (2) of the Act. Unofficial table of contents

§ 3 Procedure in the application

The registration form shall be used for the application, which shall be made available by the foreign agent. Unofficial table of contents

§ 4 Legal Arbitration Court

(1) An arbitral tribunal shall be established in accordance with Article 35 of the Law of Belgium for the purpose of the investigation of negative decisions by the foreign authorised representative. (2) The arbitral tribunal shall consist of three arbitrators, of a presiding and two arbitrators. Sit down. The arbitrators shall be appointed by the Federal Minister of Finance under the appropriate application of Section 77 of the Act. The nomination is announced by the Federal Minister of Finance in the Federal Gazette (Bundesanzeiger). (3) For each referee, a representative is to be appointed for the case of his disability. In the case of the representatives, paragraph 2 shall apply. (4) The Federal Minister of Finance may revoke the appointment of the arbitrators if they grossly violate their official duties. § 77 of the Act shall apply mutatily. Paragraph 2 shall apply for the appointment of a successor. Unofficial table of contents

§ 5 Procedure before the legal arbitral tribunal

(1) The application for a arbitration decision shall be submitted in writing to the foreign agent. Five copies must be attached to the application. (2) The foreign agent shall issue a copy of the examination office, the issuer, the trustees and the payment agent, together with the invitation to give him their opinion within two months. after delivery. The foreign agent may extend this period on request, but not more than three months. After the expiry of the time limit laid down, the foreign agent shall forward the application to the arbitral tribunal, together with the delivery evidence, the comments received, his own opinion and his documents. (3) The arbitral tribunal may collect evidence to the extent that it deems it necessary. It may, in particular, hear the foreign representative of the reasons which led him to reject the application. (4) The arbitral tribunal shall decide by a majority of votes in free appraisal of the whole content of the proceedings and of the Result of a taking of evidence on the question whether the conditions required by the law for the recognition of the declared foreign bond by the foreign agent are available. (5) The arbitral tribunal shall issue its decision to the Foreign plenipotentiaries and the applicant. The Foreign Agent shall inform the Examination Office, the issuer and the trustees and payment agents of the decision. Unofficial table of contents

§ 6 deliveries

In accordance with the law or in accordance with this Regulation, in accordance with Section 70 (2) of the Act, Belgium may, by registered letter, be brought back against receipt of a certificate. Unofficial table of contents

§ 7 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 8 Entry into force

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