TNAG-0929-FCO40-1147-Protection-of-Trading-Interests-Bill-extension-to-Dependent--1980 — Page 11

PROTECTION OF TRADING INTERESTS ACT 1980

(as modified)

W14

Overseas

measures

affecting Bermudian trading interests.

h the semiled Kingdom

or

the united Kingdom

or

1.

(1) If it appears to the Minister of Finance in the

Government of Bermuda (hereinafter in this Act referred

to as "the Minister")

(a) that measures have been or are proposed to be

taken by or under the law of any overseas

country for regulating or controlling interna-

tional trade; and

(b) that those measures, in so far as they apply or

would apply to things done or to be done outside

the territorial jurisdiction of that country by

persons carrying on business in Bermuda, are

damaging or threaten to damage the trading

interests of Bermuda,

the Minister may by order direct that this section shall

apply to those measures either generally or in their

application to such cases as may be specified in the

order.

(2) The Minister may by order make provision for

requiring, or enabling the Minister to require, a person

in Bermuda who carries on business there to give notice

to the Minister of any requirement or prohibition imposed

or threatened to be imposed on that person pursuant to

any measures in so far as this section applies to them by

virtue of an order under subsection (1) above.

(3) The Minister may give to any person in Bermuda

who carries on business there such directions for

prohibiting compliance with any such requirement or

prohibition as aforesaid as he considers appropriate for

avoiding damage to the trading interests of Bermuda.

DRAFT