Hello,
I have rather a complex problem and would like any help possible..
I will try make it as easy to understand as possible...
If company x is a parent company in a European union country,then opens a side company xy(y=country)in a non- EU country, but y has since become a member state,then xy begins to do business in 2 different departments..After time it decides 1 dept. is not viable and declares bankruptcy in that dept.Then continues to do business in the other dept....
My queries are..
1.Is that possible?
2.If *TOM*ltd has a contract with dept.1,and dept.1 is no longer honouring its part to the contract with*TOM*ltd where does that leave *TOM*ltd now?
3.Who is responsible?
4.Can x be held accountable?
5.*TOM*ltd has already started court proceedings in country y with xy dept1. but the outlook is very dim..due to the relatioship between x and y..
My own feeling on the matter is that its a clear case of bullying by x due to the protection of y,and many EU laws and rights are been broke by both x and y.
It is a real can of worms at the minute and I would greatly appreciate anybodies input,comments and suggestions on the matter..
Thanking you......
I have rather a complex problem and would like any help possible..
I will try make it as easy to understand as possible...
If company x is a parent company in a European union country,then opens a side company xy(y=country)in a non- EU country, but y has since become a member state,then xy begins to do business in 2 different departments..After time it decides 1 dept. is not viable and declares bankruptcy in that dept.Then continues to do business in the other dept....
My queries are..
1.Is that possible?
2.If *TOM*ltd has a contract with dept.1,and dept.1 is no longer honouring its part to the contract with*TOM*ltd where does that leave *TOM*ltd now?
3.Who is responsible?
4.Can x be held accountable?
5.*TOM*ltd has already started court proceedings in country y with xy dept1. but the outlook is very dim..due to the relatioship between x and y..
My own feeling on the matter is that its a clear case of bullying by x due to the protection of y,and many EU laws and rights are been broke by both x and y.
It is a real can of worms at the minute and I would greatly appreciate anybodies input,comments and suggestions on the matter..
Thanking you......