Offshore Banking with a Swiss Bank Account and Nevis LLC

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.

 

 

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