- claim
means any claim, whether asserted by legal proceedings or not, made before or after the date of entry into force of this Regulation, under or in connection with a contract or transaction, and in particular:
- competent authorities
means the competent authorities of the Member States as identified on the websites listed in Annex I;
- competent authority
means a judicial authority, or, where judicial authorities have no competence in the area covered by that paragraph, an equivalent competent authority in that area. 6.
- contract
includes a bond, guarantee or indemnity, particularly a financial guarantee or financial indemnity, and credit, whether legally independent or not, as well as any related provision arising under, or in connection with, the transaction;
- contract or transaction
means any transaction of whatever form and whatever the applicable law, whether comprising one or more contracts or similar obligations made between the same or different parties;
- controlling a legal person, group or entity
means, but is not limited to:
- economic resources
means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;
- freezing of economic resources
means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;
- freezing of funds
means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;
- funds
means financial assets and benefits of every kind, including, but not limited to:
- owning a legal person, group or entity
means being in possession of 50 % or more of the proprietary rights of a legal person, group or entity, or having a majority interest therein;
- Structured group
means a group that is not randomly formed for the immediate commission of a terrorist act and that does not need to have formally defined roles for its members, continuity of its membership or a developed structure;
- territory of the Union
means the territories of the Member States to which the Treaty on European Union (TEU) applies, under the conditions laid down therein, including their airspace;
- terrorist act
means one of the following intentional acts, which, given its nature or its context, may seriously damage a country or an international organisation, as defined as an offence under national law, where committed with the aim of:
- terrorist group
means a structured group of more than two persons, established over a period of time and acting in concert to commit terrorist acts.