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EXAMPLES FROM CORPUS
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Beauty features highlight another problem which can arise if the parent company is based abroad.
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It would become famous, but not quite in the way its parent company intended.
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Often subsidiaries are required to guarantee or give charges in support of borrowings by the parent company or other companies in the group.
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Under our law, a subsidiary can go bankrupt and normally the parent company will not be liable for its debts.
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What would be the position if the parent company did not take the exemption afforded by s 248?