13DNo claim for breach of contract or failure to perform transaction

13D No claim for breach of contract or failure to perform transaction

(1) This regulation applies to: (a) the Libyan government; and (b) the following persons and entities: (i) a Libyan national or a person or entity subject to Libyan jurisdiction; (ii) a designated person or entity; (iii) a person or entity able to claim through, or for the benefit of, the Libyan government or a person or entity mentioned in subparagraph (i) or (ii). (2) The Libyan government, or the person or entity, must not make a claim or demand, or take any action, against any other person or entity for breach of contract or a failure to perform a transaction if the performance of the contract or transaction was prevented: (a) under these Regulations; or (b) because of resolutions relating to Libya, as existing from time to time.

Note: Resolutions relating to Libya could in 2014 be viewed on the United Nations’ website (http://www.un.org).

(3) This regulation has effect despite any other law of the Commonwealth or any law of a State or Territory.