Post by joita9865 on Oct 28, 2023 3:42:23 GMT -5
Binding command shall indicate at least: the behavior of the subsidiary expected by the parent company in connection with the execution of a binding order; the interest of the group of companies that justifies the subsidiary's compliance with a binding order; the expected benefits or damages of the subsidiary that will result from the execution of the binding order, if any; the expected method and date of redressing the subsidiary for any damage incurred as a result of the execution of a binding order. The execution of a binding order by a subsidiary participating in a group of companies requires a prior resolution of the subsidiary's management board.
Additionally, the subsidiary is obliged to inform the parent company about adopting a resolution to execute a binding philippines photo editor order or a resolution to refuse to execute a binding order. IMPORTANT A resolution of the subsidiary's management board confirms the acceptance or refusal of a binding instruction and should contain at least a repetition of the elements of the content of the binding instruction. Refusal to comply with a binding order The provision of Art. of the Commercial Companies Code regulates the nature of refusal to execute a binding order, in particular.
A subsidiary company participating in a group of companies adopts a resolution to refuse to execute a binding order if its execution would lead to insolvency or threat of insolvency of that company [cf. ยง ]; A subsidiary company participating in a group of companies that is not a sole proprietorship adopts a resolution to refuse to execute a binding order if there is a justified fear that it is contrary to the interests of that company and will cause damage to it that will not be repaired by the parent company or another subsidiary company participating in the group of companies.
Additionally, the subsidiary is obliged to inform the parent company about adopting a resolution to execute a binding philippines photo editor order or a resolution to refuse to execute a binding order. IMPORTANT A resolution of the subsidiary's management board confirms the acceptance or refusal of a binding instruction and should contain at least a repetition of the elements of the content of the binding instruction. Refusal to comply with a binding order The provision of Art. of the Commercial Companies Code regulates the nature of refusal to execute a binding order, in particular.
A subsidiary company participating in a group of companies adopts a resolution to refuse to execute a binding order if its execution would lead to insolvency or threat of insolvency of that company [cf. ยง ]; A subsidiary company participating in a group of companies that is not a sole proprietorship adopts a resolution to refuse to execute a binding order if there is a justified fear that it is contrary to the interests of that company and will cause damage to it that will not be repaired by the parent company or another subsidiary company participating in the group of companies.