The exponential rise in global trade and investment,
combined with a technological revolution that has made it easier to trade, has
led to an era of globalization. The effects of this on the economy are
widespread, with many sectors of the economy feeling its effects. As the
economy becomes more efficient and integrated through cross-border trade,
businesses are now able to take advantage of cheaper goods and services from
markets around the world. This is leading to more businesses seeking ways to
legally incorporate their operations into those of another business or entity
within a country.
When a company merges with another company where the former
owns at least half of the shares or voting rights, it will now be known as a
wholly owned subsidiary (or commonly known as a wholly owned subsidiary). In
this article, Ari Afilalo, a specialist in international trade law, explores
international trade law and its influence on business operations in countries
throughout the world.
