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4. Contracts
- Most jurists are of the view that succeeding State should be bound by the contracts
entered into by the former State
- King’s Bench of England, in a case, ruled that the succeeding State is entitled to
decide whether it would accept the financial obligations of the former State
- International law does not impose any obligation of the conquered State
- Lord Alverstone observed: “cessation of territory does not mean the confiscation
of the property of individuals in that territory”
5. Concessionary Contracts
- The contracts through which certain concessions, such as, digging of mines, laying of
railways, etc. are given
- Succeeding State is bound to respect the concessionary contacts
6. Laws
- Civil law continues until it is changed by the succeeding State
9. Nationality
- Nationals of the former State lose their nationality of the extinct State and become
the nationals of new international person