Shares

whom the debt or the outstanding bank balance is owing.

19. To establish a claim under this Part of the Order in respect of

a share, any person making application to the Commission shall be required to establish to the satisfaction of the Commission:

(a)

that he is a person qualified under Article 16 of the Order to make such application;

(b)

that the share was beneficially owned at the relevant

date by a British national;

(c)

(a)

that the company to which the share related was

incorporated or constituted under the laws in force in

China; and

that he or his predecessor in title (or, if he is a

trustee, the person for whom he is trustee or the

predecessor in title of such person) has

suffered loss in respect of the share as a result of any

act of confiscation, nationalisation, expropriation

or other act of dispossession applied in

China on a relevant date to the share or to the

company or to any of its assets.

20. For the purposes of this Part of this Order, the Commission

may, if they think fit, assume, without proof of any specific act

of dispossession, that any person has been deprived of title to or

enjoyment of any property, or that such a person has suffered loss

in respect of a share, and that such deprivation or loss was the

result of an action or course of action or omission of the

authorities of the area in which the property or share was

situated.

21. -(1) Subject to the provisions of this Order, the Commission

shall assess the amount of loss with respect to each claim

established under this Part of the Order as may seem just and

equitable to them having regard to all the circumstances.

Share This Page