Written question asked by Lord Jones of Cheltenham (Liberal Democrat) on Friday, 16 July 2004, in the House of Commons. It was due for an answer on Wednesday, 1 September 2004. It was answered by Mike O'Brien (Labour) on Wednesday, 1 September 2004 on behalf of the Foreign and Commonwealth Office.

Foreign and Commonwealth Office

Question: To ask the Secretary of State for Foreign and Commonwealth Affairs, what representations he has received from British citizens with shares in the Turkish companies Ceas and Kepez Elektrik who have received no compensation following the Turkish Government's takeover of these companies; and if he will make a statement.

Answer: Mr. Nigel Jones: To ask the Secretary of State for Foreign and Commonwealth Affairs what representations he has received from British citizens with shares in the Turkish companies Ceas and Kepez Elektrik who have received no compensation following the Turkish Government's takeover of these companies; and if he will make a statement. [185614] Mr. Mike O'Brien: The Foreign and Commonwealth Office is not aware of any UK nationals who are shareholders in either of these companies. No British nationals have made representations to the Foreign and Commonwealth Office on this issue. Such individuals should seek legal advice in Turkey and the British Embassy in Ankara would be happy to advise any UK shareholders of suitable legal firms. The United Kingdom Investment and Promotion Protection Agreement should then be used to seek redress, if appropriate, from the Turkish government.

Secondary information

Type: Written question
Reference: 424 c679-80W; 185614
Session: 2003-04
Subjects: Compensation Companies Business Electricity Government Overseas companies Utilities Shareholders Takeovers Turkey
Link: View this Written question on www.publications.parliament.uk