Decree No. 31 / 1957 Coll.
Decree on the Agreement between the Czechoslovak Republic and the Federal People's Republic of Jugoslavia and the settlement of open property issues
Valid
Effective from 20.12.1956
31
Decree of the Minister for Foreign Affairs
of 15 May 1957
on the Agreement between the Czechoslovak Republic and the Federal People's Republic of Jugoslavia on the settlement of open property issues
An Agreement on the settlement of open property issues was negotiated between the Czechoslovak Republic and the Federal People's Republic of Jugoslavia in Prague on 11 February 1956.
The National Assembly gave its consent to the Agreement on 1 August 1956 and the President of the Republic ratified it on 15 October 1956. The instruments of ratification were exchanged in Belgrade on 20 December 1956.
Pursuant to Article 7 of the Agreement, which shall be implemented from the date of signature, that is to say, since 11 February 1956, it has entered into force in exchange for instruments of ratification, namely 20 December 1956.
The Czech version of this Agreement is published in the Annex to the Collection of Laws. *)
David v. r.
AGREEMENT
between the Czechoslovak Republic and the Federal People's Republic of Jugoslavia on the settlement of open property issues
The Czechoslovak Republic and the Federal People's Republic of Jugoslavia, desiring that all open property issues from the period before 19 February 1955 be settled completely and finally, have been agreed with their agents on the following provisions:
This Agreement shall compensate each other, fully settled and disposed of both in the relationship between the authorised and the obligor and between the Contracting Parties:
(a) all cash liabilities and liabilities in respect of other material transactions in the Czechoslovak State as well as of Czechoslovak legal and physical persons who, at the time of the commitment or the date of signature of this Agreement, had their registered office or permanent residence in the current territory of the Czechoslovak Republic, where such liabilities arose before 19 February 1955 for any reason against the Yugoslav State or the Yugoslav legal and physical persons who, at the time of the commitment or the date of signature of this Agreement, had their registered office or permanent residence in the current territory of the Federal People's Republic of Jugoslavia and their legal successors within the meaning of the Yugoslav legislation;
(b) all cash liabilities and liabilities in respect of other material transactions of both the Yugoslav State and the Yugoslav legal and physical persons who, at the time of the commitment or the date of signature of this Agreement, had their registered office or permanent residence in the current territory of the Federal People's Republic of Jugoslavia, where such liabilities arose before 19 February 1955 for any reason against the Czechoslovak State or Czechoslovak legal and physical persons who, at the time of the commitment or the date of signature of this Agreement, had their registered or permanent residence in the current territory of the Czechoslovak Republic, and their legal successors within the meaning of the Czechoslovak legislation.
This Agreement shall also apply to commitments which, on the date of its signature, were maintained between persons who had Czechoslovak or Yugoslav citizenship on that date, regardless of whether such persons have acquired permanent residence after that date in a third country or citizenship of a third country.
The following are also settled and disposed of by this Agreement:
(a) all obligations of the Czechoslovak State relating to claims arising from the Czechoslovak measures of nationalisation, expropriation and other measures of ownership of the rights of restrictive or withdrawal to which Yugoslav property, rights and interests in the Czechoslovak Republic have been subject by the date of signature of this Agreement, whether or not they are known today;
(b) all obligations of the Yugoslav State relating to claims arising from the Yugoslav measures of nationalisation, expropriation and other measures of ownership of the rights of limitation or withdrawal to which Czechoslovak property, rights and interests in the Federal People's Republic of Jugoslavia have been subject by the date of signature of this Agreement, whether or not they are now known.
For the purposes of this Article, the property, rights and interests of Czechoslovak physical and legal persons who had this status on the day on which the Federal People's Republic of Jugoslavia took the measures and which - or their legal successors - on the date of signature of this Agreement have that status, including all and any participation of those Czechoslovak physical and legal persons in undertakings in the Federal People's Republic of Jugoslavia.
For the purposes of this Article, the assets, rights and interests shall be considered to be the assets, rights and interests of the Yugoslav Fysics and Legal Persons having this status on the day on which the Czechoslovak Republic took those measures and which - or their legal successors - have this status on the date of signature of this Agreement, including all and any participation of these Yugoslav Fysics and Legal Persons in enterprises in the Czechoslovak Republic.
Czechoslovakia progresses The Federal People's Republic of Jugoslavia shall have all securities issued by the Yugoslav State or by legal persons established in the current territory of the Federal People's Republic of Jugoslavia, provided that, on the date of signature of this Agreement, they are owned by the Czechoslovak State or by Czechoslovak legal and physical persons having their registered office or permanent residence in the territory of the Czechoslovak Republic on that date.
The Federal People's Republic of Jugoslavia shall proceed to the Czechoslovak Republic with all securities issued by the Czechoslovak State or by legal persons established in the current territory of the Czechoslovak Republic, provided that they are in possession of the Yugoslav State or the Yugoslav legal and physical persons who have their registered office or permanent residence in the territory of the Federal People's Republic of Jugoslavia on the date of signature of this Agreement.
No claims may be applied either on the basis of the individual obligations covered by this Agreement or on the basis of the balance of their netting.
Following the signing of this Agreement, the Czechoslovak legal and physical persons shall not exercise any rights or claims, as settled by this Agreement, against the Yugoslav State and the Yugoslav legal and physical persons.
Following the signing of this Agreement, the Yugoslav legal and physical persons shall not exercise any rights or claims, as settled by this Agreement, against the Czechoslovak State and Czechoslovak legal and physical persons.
The Czechoslovak Republic and the Federal People's Republic of Jugoslavia shall, by their internal measures, adjust the relations resulting from this Agreement.
The two Contracting Parties shall, in all cases where possible, surrender to each other all instruments, titers and certificates relating to the commitments as well as to the property, rights and interests covered by this Agreement.
The two Parties shall provide each other with all assistance in order to determine the state of the obligations which are being eliminated by this Agreement.
This Agreement shall be ratified and the instruments of ratification exchanged as soon as possible in Belgrade; The Agreement shall enter into force by exchange of instruments of ratification and shall be implemented from the date of signature.
This Agreement has been drawn up in duplicate, each in Czech and Serbian languages. The two texts shall be equally authentic.
Dane in Prague on 11 February 1956.
For the Czechoslovak Republic:
Ms JANKOVCO
For the Federal People's Republic of Jugoslavia:
M. TODROVIC
On page 3.
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Regulation Information
| Citation | Decree No. 31 / 1957 Coll., on the Agreement between the Czechoslovak Republic and the Federal People's Republic of Jugoslavia and the Settlement of Open Property Issues |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 03.07.1957 |
|---|---|
| Effective from | 20.12.1956 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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