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The Foreign Compensation (Roumania) (Registration) Order 1954

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This is the original version (as it was originally made). This item of legislation is currently only available in its original format. The electronic version of this UK Statutory Instrument has been contributed by Westlaw and is taken from the printed publication. Read more

8.—(a) (i) If a person holds stocks or shares in any corporation incorporated under the laws in force in Roumania, he shall be deemed to have an interest in the property of that corporation.

(ii)If a person holds stocks or shares in any corporation incorporated under the laws in force in any country (other than Roumania or the United Kingdom or any territory for the international relations of which Her Majesty's Government in the United Kingdom are responsible), he shall be deemed, for the purposes of this Order, to have an interest in the property of that corporation.

(b)If any corporation to which the provisions of paragraph (a) of this Article apply, held at the relevant date stocks or shares in another corporation incorporated under the laws of Roumania, the property in which such interest is held shall, for the purposes of this Order, be deemed to be property owned or held by the first corporation to the extent of that interest.

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