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Can the partners hold shares of the overseas concerns for and on behalf of the firm?

April 26, 2017behalf concerns firm hold overseas partners Shares

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Can the partners hold shares of the overseas concerns for and on behalf of the firm?

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A. It will be in order for individual partners to hold shares for and on behalf of the firm in an overseas JV/WOS, only if the host country regulations or operational requirements warrant such holding. However, the funding for the overseas JV/WOS has to be made by the firm.