foreign principal

foreign principal

a person outside the UK instructing an agent (see AGENCY) within the UK. It used to be the case that where an agent acting for a foreign principal entered into a contract with a third party, there was a strong presumption that there was no privity between the foreign principal and the third party, with the consequence that the agent might be made personally liable on the contract. This presumption has now weakened, to the extent that the existence of a foreign principal is regarded as one factor only to be taken into account in construing the parties' agreement.
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"Al Jazeera's videos on YouTube are stamped with the disclaimer, 'Al Jazeera is funded in whole or in part by the Qatari government.' Thus, Al Jazeera is not only a foreign principal, but it is also owned by a foreign principal -- the government of Qatar," the Congressional and Senate leaders claim.
OPIC Australia PTY Ltd., a subsidiary of Taiwan's CPC Corporation, is listed as a company whose 'foreign principal country' is Taiwan.
Also in the meeting on Wednesday were Energy Secretary Alfonso Cusi, acting Foreign Secretary Ernesto Abella, Department of Foreign Affairs (DFA)-Mindanao Assistant Norman Garibay, DFA Aspac Executive Director Josel Ignacio and Foreign Principal Assistant Emilio Lopue Jr.
Under the pre-BEPS definition, agency PE occurs when a person, other than an independent agent, has been granted power of attorney to regularly make contracts in a country on behalf of a foreign principal.
In order for a foreign principal to distribute their pharmaceutical products in Kuwait, they must either set up a legal entity in Kuwait or appoint a local agent.
The head of the committee told me to appoint a foreign principal," she said.
Apart from this, the plant revival is undertaken either independently by original owners or new investors or under a joint venture agreement with foreign principal or by the foreign principal independently through the purchase of plant.
The local company and its foreign principal would decide in the next 10 days about the price of vehicle and number of units to be produced with a detailed business plan, Waseem said.
The contract said the firm would "identify stakeholders who are supportive of the foreign principal's objectives" in the U.S.
The indictment against the two men contains 12 counts: conspiracy against the United States, conspiracy to launder money, unregistered agent of a foreign principal, false and misleading US Foreign Agents Registration Act (FARA) statements, false statements, and seven counts of failure to file reports of foreign bank and financial accounts..
He simply wrote: "Salary not based solely on services rendered to the foreign principal [Turkey]"!
More stringent gift rules apply to gifts and travel benefits provided by lobbyists, lobbying organization and agents of a foreign principal. A congressman or employee may not accept a gift of any value from a registered lobbyist, an organization that employs a registered lobbyist or an agent of a foreign principal, subject to certain exceptions described below.

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