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- Point in Time (27/08/2017)
- Original (As adopted by EU)
Council Regulation (EC) No 329/2007 of 27 March 2007 concerning restrictive measures against the Democratic People's Republic of Korea (repealed)
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Version Superseded: 01/09/2017
Point in time view as at 27/08/2017.
There are currently no known outstanding effects for the Council Regulation (EC) No 329/2007 (repealed),
Article 5b
.
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1. It shall be prohibited, in the territory of the Union, to accept or approve investment in any commercial activity where such investment is made by:
(a) persons, entities or bodies of the Government of North Korea;
(b) the Workers Party of Korea;
(c) nationals of North Korea;
(d) legal persons, entities or bodies incorporated or constituted under the law of North Korea;
(e) persons, entities or bodies acting on their behalf or at their direction;
(f) legal persons, entities or bodies owned or controlled by them.
[F22. It shall be prohibited to:
(a) establish a joint venture with or take or extend any ownership interest, including by acquisition in full or the acquisition of shares or other securities of a participatory nature, in any legal person, entity or body referred to in points (a) to (f) of paragraph 1 that is engaged in North Korea's nuclear-related, ballistic-missile-related or other weapons-of-mass-destruction-related activities or programmes, or in activities in the sectors of mining, refining, chemical, metallurgy and metalworking, and aerospace or conventional arms-related industries;
(b) grant financing or financial assistance to any legal person, entity or body referred to in points (d) to (f) of paragraph 1 or grant financing or financial assistance for the documented purpose of financing such legal persons, entities or bodies;
(c) provide investment services that are directly or indirectly related to the activities referred to in points (a) and (b) of this paragraph.] ]
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