Nevis Business Corporation Ordinance 1984 - Intax Info

such transfer to the foreign jurisdiction, said corporation shall be deemed to have ceased to be a corporation
domiciled in Nevis.
Jurisdiction of courts after departure
114. Nothing in this Part shall obviate, diminish or affect the jurisdiction of any court in Nevis to hear and
determine any proceeding commenced therein by or against the corporation arising out of actions or omissions
which occurred before the corporation ceased to be domiciled in Nevis.
PART XIII - EMERGENCY TRANSFER OF DOMICILE INTO NEVIS
Definitions
115. As used in this Part, unless the context requires otherwise, the term:
“Emergency condition” shall be deemed to include but not be limited to any of the following: War or
other armed conflict; revolution or insurrection; invasion or occupation by foreign military forces;
rioting or civil commotion of an extended nature; domination by a foreign power; expropriation;
nationalization or confiscation of a material part of the assets or property of the corporation;
impairment of the institution of private property (including private property held abroad); the taking of
any action under the laws of Nevis whereby persons resident in the Foreign Domicile might be treated
as “enemies” or otherwise restricted under the laws of Nevis relating to trading with enemies of Nevis;
or the immediate threat of any of the foregoing; and such other event which, under the laws of the
Foreign Domicile, permits the corporation to transfer its domicile.
Terms used in this Part and not defined herein are used as defined in section 102 of Part XII of this
Ordinance.
What emergency transfer of domicile is permitted
116. During the existence of an Emergency Condition in the jurisdiction of its domicile, any Foreign
Corporation may subject to and upon compliance with the further provisions of this Part, apply for an
emergency transfer of its domicile to Nevis.
Application for temporary transfer of domicile
117.(1) Any Foreign Corporation may apply for emergency transfer of domicile to Nevis by filing with the
Registrar of Companies:
(i)
(ii)
documents and certificates similar in respect to those required by sections 105 and
106 of Part XII of this Ordinance, except that such documents shall refer to an
emergency transfer of domicile pursuant to this Part XIII; and
a certificate of an authorized officer, director or agent of the corporation specifying
the Emergency Condition which exists in the Foreign Domicile.
(2) The Registrar of Companies, in his discretion, may waive any of the above requirements upon request
by such corporation supported by facts (including without limitation, the existence of an Emergency Condition)
justifying such waiver. In addition, if Emergency Conditions have affected ordinary means of communication,
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