within a group of companies‚ whereby each company is a separate legal entity with distinct legal rights and obligations. Applying this precedent to the current case‚ it is sufficient to assume that regardless of the fact that Capital is a wholly owned subsidiary of Eastfield‚ the two companies can be treated as separate entities with distinct corporate properties. The corporate veil The concept of ‘lifting the corporate veil’ arises when the courts disregard the concept of ‘separate legal entities’
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LEGT2741 Assignment There are three main parties to this case; Flywell Ltd (F)‚ the parent company‚ Jetover Ltd (J)‚ the subsidiary‚ and the Australian Pilots Association (APA) which is representing the 200 pilots currently employed by J. F incorporated J as a wholly owned subsidiary of F and appointed four directors for J from the six directors of F. Two hundred of F’s pilots were made redundant and immediately rehired by J on lower wages and entitlement previously enjoyed at F. New pilots hired
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Alliances 7 2.1. Alternative Strategies 2.1.1. Licensing 2.1.2. OEM Contracts 2.1.3. Franchising 2.1.4. Wholly Owned Subsidiaries 3. Problems with Joint Venture 12 3.1. Problems with Sony Ericsson Mobile Corporation 3.1.1. Cultural Differences 3.1.2. Saturated Market 3.1.3. Supply Issues 3.1.4. Financial Issues 4. Joint Venture into Wholly Owned Subsidiaries 15 5. Conclusion 6. Appendix 16 7. Bibliography 19Synopsis This essay focused focuses on an the
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History Of ICICI Bank: History ICICI Bank was established in 1994 by the Industrial Credit and Investment Corporation of India‚ an Indian financial institution‚ as a wholly owned subsidiary. The parent company was formed in 1955 as a joint-venture of the World Bank‚ India’s public-sector banks and public-sector insurance companies to provide project financing to Indian industry The bank was initially known as the Industrial Credit and Investment Corporation of India Bank ‚ before it changed its
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as a wholly owned subsidiary; owning and controlling a factory in China‚ a strategic alliance and licensing agreements have been analysed in detail. The evidence shows that moving part of the business to China as a wholly owned subsidiary‚ whilst keeping its headquarters in Melbourne would be the most beneficial long term option. Paying royalties and dividing profit with an overseas company outweighing the higher short-term construction costs and wait time disadvantages of a wholly owned
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Ford & General Motors in Russia In July 2002‚ Ford Motor Company officially opened its first Russian car factory near St. Petersburg. The factory‚ which cost some S150 million to build‚ is 100% owned by Ford and represents the first wholly owned investment by a foreign carmaker in Russia. The factory is tiny by international standards; it will employ 800 people and initially will produce 10‚000 Ford Focus cars a year. By comparison‚ a typical auto plant in the developed world produces 200‚000
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development of handheld power tools. It was during this period that Black & Decker expanded rapidly in international markets‚ typically by setting up wholly owned subsidiaries in a nation and giving them the right to develop‚ manufacture‚ and market the company’s power tools. As a result‚ by the early 1980’s‚ the company had 23 wholly owned subsidiaries in foreign nations and two joint ventures. During its period of rapid international expansion‚ Black & Decker operated with decentralized organization
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MNP038N COMPARATIVE MANAGEMENT Resit paper August 2008 Individual Assignment Deadline 15th August 2008 Students are required to answer all questions: Question 1: To what extent does Black & Decker’s internationalisation fit with theories of internationalisation? Question 2: Describe Black & Decker’s organisational structure at the end of the case study. Discuss whether a different organisation structure would be more suitable for Black & Decker in
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NIKE Inc. principle business activities are the design‚ development‚ and worldwide marketing of high quality footwear‚ apparel‚ equipment‚ and accessory products. They sell their products through NIKE owned retail stores and internet sales‚ and through a mix of independent distributors and licensees worldwide. Virtually all products are manufactured by independent contractor‚ with all footwear and apparel manufactured outside the US‚ while equipment products are mostly manufactured within the
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the host country can give to Starbucks some advices and cultural knowledge in order to make the customers feel comfortable with the service. Q2: What are the advantages of a joint-venture entry mode for Starbucks over entering through wholly owned subsidiaries through a pure licensing strategy? There are several important benefits for a joint-venture entry mode. The first is the reduction in a financial risk. In fact‚ a joint venture relationship does offer a moderate reduction in the financial
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