Title 22 — Foreign Relations and IntercourseRelease 119-73

§1645d Claims based on ownership interest in or debt or other obligation owing by corporations or other legal entities

Title 22 › Chapter CHAPTER 21— - SETTLEMENT OF INTERNATIONAL CLAIMS › Subchapter SUBCHAPTER VII— - CLAIMS AGAINST VIETNAM › § 1645d

Last updated Apr 6, 2026|Official source

Summary

Claims about losses tied to owning or lending to companies follow special rules. If the company was a U.S. national, ownership claims cannot be considered. Debt claims against companies organized in the U.S. can be considered only if the debt was a charge on property that Vietnam nationalized, expropriated, or took. If you directly owned part of a company that was not a U.S. national when the loss happened, your claim can be considered no matter the percent you owned. Indirect ownership claims can be considered only if at least 25% of the company was owned by U.S. nationals when the loss happened, or if U.S. nationals actually controlled the company as decided by the Commission. Any allowed claim is based on the company’s total loss and your share equals the same fraction of that loss as your ownership at the time.

Full Legal Text

Title 22, §1645d

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)A claim under section 1645b of this title based upon an ownership interest in any corporation, association, or other entity which is a national of the United States may not be considered. A claim under section 1645b of this title based upon a debt or other obligation owing by any corporation, association, or other entity organized under the laws of the United States, or of any State, the District of Columbia, or the Commonwealth of Puerto Rico may be considered only if such debt or other obligation is a charge on property which has been nationalized, expropriated, or otherwise taken by Vietnam.

(b)A claim under section 1645b of this title based upon a direct ownership interest in a corporation, association, or other entity may be considered, subject to the other provisions of this subchapter, if such corporation, association, or other entity on the date of the loss was not a national of the United States, without regard to the per centum of ownership vested in the claimant.

(c)A claim under section 1645b of this title based upon an indirect ownership interest in a corporation, association, or other entity may be considered, subject to the other provisions of this subchapter, only if at least 25 per centum of the entire ownership interest thereof, at the time of such loss, was vested in nationals of the United States or if, at the time of the loss, nationals of the United States in fact controlled the corporation, association, or entity, as determined by the Commission.

(d)The amount of any claim covered by subsection (b) or (c) of this section shall be calculated on the basis of the total loss suffered by the corporation, association, or other entity, with respect to which the claim is made, and shall bear the same proportion to such loss as the ownership interest of the claimant at the time of loss bears to the entire ownership interest thereof.

Reference

Citations & Metadata

Citation

22 U.S.C. § 1645d

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73