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10.—(1) Except under the authority of a licence granted under this article—
(a)in the case of the Bailiwick of Guernsey, by the Lieutenant Governor;
(b)in the case of the Bailiwick of Jersey, by the Finance and Economics Committee,
no person mentioned in article 11 shall—
(i)make any payment to or to the order of any person connected with Haiti under or in respect of a bond to which this article applies; or
(ii)do any act for the purpose of obtaining a payment or make any payment, in respect of any right to indemnity in respect of any bond in which this article applies where payment under the bond is, or if payment were to be made by a person referred to in article 11 of this Order would be, unlawful by virtue of sub-paragraph (i) of this paragraph.
(2) This article applies to any bond given in connection with the performance of a contract the performance of which is unlawful, wholly or in part, by virtue of this Order, the 1993 Order or any law of any place which substantially corresponds with the relevant provisions of this Order.
(3) In this article—
(a)“bond” means an agreement under which a person (“the obligor”) agrees that, if called upon to do so, or if a third party fails to fulfil contractual obligations owed to another, the obligor will make payment to or to the order of the other party to the agreement;
(b)“make any payment” means make payment by any method, including but not restricted to the grant, or any agreement to the exercise, of any right to set off, accord and satisfaction and adjustment of any account, or any similar means.
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