GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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04:00 Oct 28, 2002 |
Indonesian to English translations [PRO] Law/Patents / business document | |||||||
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| Selected response from: eldira Indonesia Local time: 13:42 | ||||||
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Summary of answers provided | ||||
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3 +4 | in each case |
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5 | that are the same or equivalent |
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that are the same or equivalent Explanation: The phrase means that only either Indonesian citizens or a legal entity that is composed of Indonesians (including its management), that are the same or equivalent according to evaluation of the Directors have the right to own or vote shares |
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in each case Explanation: in each case to be decided by the Directors. paraphrased, it would be someting like: Only Indonesian citizens [or an indonesian legal entity whose members and executive board are Indonesian citizens] have the right to own and exercise those rights of share ownership, in each case to be decided (or evaluated as Joel Levine suggested) by the Directors. This simply means that the directors have final say on who is allowed to buy shares, since only they can decide whether a person or legal entity is "Indonesian". -------------------------------------------------- Note added at 2002-10-28 07:08:00 (GMT) -------------------------------------------------- correction: ...the directors have final say on who is allowed to buy or vote their shares, ... |
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