[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR537.308]



[Page 174]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 537_BURMESE SANCTIONS REGULATIONS--Table of Contents

 

                      Subpart C_General Definitions

 

Sec. 537.308  New investment.



    The term new investment means any of the following activities, if 

such an activity is undertaken pursuant to an agreement, or pursuant to 

the exercise of rights under such an agreement, that is entered into 

with the Government of Burma or a nongovernmental entity in Burma on or 

after the effective date:

    (a) The entry into a contract that includes the economic development 

of resources located in Burma;

    (b) The entry into a contract providing for the general supervision 

and guarantee of another person's performance of a contract that 

includes the economic development of resources located in Burma;

    (c) The purchase of a share of ownership, including an equity 

interest, in the economic development of resources located in Burma; or

    (d) The entry into a contract providing for the participation in 

royalties, earnings, or profits in the economic development of resources 

located in Burma, without regard to the form of the participation.



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