en

connected undertaking

1

Terminological databases

EKI terminibaas Esterm

ID 694519 Last modified 30.12.2004
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Domain European Union - European CommunitiesPublic Administration - Private Administration - Offices
  • (a) undertakings in which a party to the agreement, directly or indirectly: - owns more than half the capital or business assets, or - has the power to exercise more than half the voting rights, or - has the power to appoint more than half the members of the supervisory board, board of directors or bodies legally representing the undertaking, or - has the right to manage the affairs; (b) undertakings which directly or indirectly have in or over a party to the agreement the rights or powers listed in (a); (c) undertakings in which an undertaking referred to in (b) directly or indirectly has the rights or powers listed in (a)
connected undertaking
Usage examples
  • ... to purchase Certain goods specified in the agreement for resale only from the Supplier or from a connected undertaking or from another undertaking ...

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