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Article NO. Content

Title:

Company Act  CH

Amended Date: 2021.12.29 
Article 369-3     Under any of the following circumstances, it shall be concluded as the existence of the controlling and subordinate relation:
  1. Where a majority of executive shareholders or directors in a company are contemporarily acting as executive shareholders or directors in another company; or
  2. Where a majority of the total number of outstanding voting shares or the total amount of the capital stock of a company and another company are held by the same shareholders.