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Another method for establishing counterpart funds is for goods (such as food aid) to be donated to an aid-recipient nation. The recipient government can then sell the goods and use the proceeds (received in local currency) to set up a counterpart fund. In these ways, the recipient government can establish counterpart funds in local currency.
On 30 December 2023, the new government of Argentina, which formally applied for BRICS membership under Alberto Fernández's government in 2022, officially declined the offer to join the bloc due to the new government's different foreign policy. [63] [127] On 1 January 2024, Egypt, United Arab Emirates, Ethiopia and Iran officially joined the bloc.
A partner's share of a recourse liability, then, is the share for which that partner bears the economic risk of loss. [37] A partner bears the economic risk of loss to the extent the partner or a related person would be required to contribute to the partnership to satisfy the obligation, determined by way of a "constructive liquidation" analysis.
A 'Counterpart' is a person or thing that has the same purpose as another one in a different place or organization [1] In paleontology, one half of a split compression fossil; Counterpart International, a U.S.-based development charity
This definition superseded the previous definition given in section 239 of Indian Contract Act 1872 as – "Partnership is the relation which subsists between persons who have agreed to combine their property, labor, skill in some business, and to share the profits thereof between them". The 1932 definition added the concept of mutual agency.
In case the general partner is a limited company, the legal form of the general partner, followed by "& Compagnie" (shortened to & Co.), must be included in the name of the company, resulting in combined legal forms such as: GmbH & Co. KG: the general partner is a GmbH; AG & Co. KG: the general partner is an AG
Tech giants Nvidia, Microsoft, Google, Amazon, and more are joining the National Science Foundation in an effort to develop a national artificial intelligence research resource.
In the case of an unmarried person, "mistress" is not usually used. Instead, when the woman is unmarried, it is common to speak of a "girlfriend" or a "partner", and when the woman is married, she is called their "lover". The term "mistress" was originally used as the neutral feminine counterpart to "mister" or "master". In referring to those ...