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Regulations Implementing the United Nations Resolution on Eritrea

Version of section 15 from 2010-04-22 to 2019-03-03:


Marginal note:Basic or extraordinary expenses

  •  (1) A person whose property has been affected by the application of section 9 may apply to the Minister for a certificate to exempt property from the application of that section if the property is necessary for meeting basic or extraordinary expenses or if it is the subject of a judicial, administrative or arbitral lien or judgment or a hypothec, mortgage, charge, security interest or prior claim.

  • Marginal note:Issuance of certificate

    (2) The Minister must issue a certificate if it is established, in accordance with Security Council Resolution 1907, that the property is necessary for meeting basic or extraordinary expenses or that the property is the subject of a judicial, administrative or arbitral lien or judgment or a hypothec, mortgage, charge, security interest or prior claim,

    • (a) in the case of property that is necessary for meeting basic expenses, within 15 working days after the day on which the application is received, if the Committee of the Security Council did not refuse the release of the property;

    • (b) in the case of property that is necessary for meeting extraordinary expenses, within 30 working days after the day on which the application is received, if the Committee of the Security Council has approved the release of the property; and

    • (c) in the case of property that is the subject of a judicial, administrative or arbitral lien or judgment or a hypothec, mortgage, charge, security interest or prior claim, within 90 working days after the day on which the application is received, if the lien, judgment, hypothec, mortgage, charge, security interest or prior claim was entered before December 23, 2009, is not for the benefit of a designated person and has been brought to the attention of the Committee of the Security Council or the Security Council of the United Nations by the Minister.

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