§1645d Claims Based on Ownership Interest in or Debt or Other Obligation Owing by Corporations or Other Legal Entities

Summary

Decides which claims based on owning part of, or being owed money by, a company can be reviewed and how any award is figured. A claim for owning part of a company that is a U.S. national cannot be considered. A claim based on a debt owed by a company formed under U.S. law can be considered only if the debt was a charge on property that Vietnam nationalized, expropriated, or otherwise took. A direct ownership claim can be considered if the company was not a U.S. national when the loss happened, regardless of the owner’s percent, and still must meet the other rules in this subchapter. An indirect ownership claim can be considered only if at least 25% of the company was owned by U.S. nationals at the time of loss or if U.S. nationals actually controlled it, as the Commission decides. Awards for direct or indirect claims are the company’s total loss multiplied by the claimant’s ownership share at the time of loss.