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  • GR-5.2 GR-5.2 Definition of Close Links

    • GR-5.2.1

      A licensee ('L') has close links with another undertaking ('U'), if:

      (a) U is a parent undertaking of L;
      (b) U is a subsidiary undertaking of L;
      (c) U is a subsidiary undertaking of a parent undertaking of L;
      (d) U, or any other subsidiary undertaking of its parent, owns or controls 20% or more of the voting rights or capital of L; or
      (e) L, any of its parent or subsidiary undertakings, or any of the subsidiary undertakings of its parent, owns or controls 20% or more of the voting rights or capital of U.
      January 2013