Close link (as defined under Paragraph GR-6.2.1 of Module GR_Administrators)
Past version: Effective from 01 Jan 2011 to 31 Dec 2012
To view other versions open the versions tab on the right
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 parent undertaking of a subsidiary undertaking of L;
(d) U is a subsidiary undertaking of a parent undertaking of L;
(e) U owns or controls 20% or more of the voting rights or capital of L; or
(f) 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.
Added: January 2011