ChaebolA chaebol (ˈtʃeɪbɒl,_ˈdʒɛbəl; ; tɕɛ̝.bʌl) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebols have also played a significant role in South Korean politics.
ZaibatsuZaibatsu is a Japanese term referring to industrial and financial vertically integrated business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period to World War II. A zaibatsu general structure included a family-owned holding company on top, and a bank which financed the other, mostly industrial subsidiaries within them.
Administration (law)As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order.
Nationality lawNationality law is the law of a sovereign state, and of each of its jurisdictions, that defines the legal manner in which a national identity is acquired and how it may be lost. In international law, the legal means to acquire nationality and formal membership in a nation are separated from the relationship between a national and the nation, known as citizenship. Some nations domestically use the terms interchangeably, though by the 20th century, nationality had commonly come to mean the status of belonging to a particular nation with no regard to the type of governance which established a relationship between the nation and its people.
Irish nationality lawThe primary law governing nationality of the Republic of Ireland is the Irish Nationality and Citizenship Act, 1956, which came into force on 17 July 1956. Ireland is a member state of the European Union (EU) and all Irish nationals are EU citizens. They enjoy free movement rights in EU and European Free Trade Association (EFTA) countries and may vote in elections to the European Parliament. All persons born in the Republic before 1 January 2005 are automatically citizens by birth regardless of the nationalities of their parents.
CreditorA creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property and service. The second party is frequently called a debtor or borrower. The first party is called the creditor, which is the lender of property, service, or money.
Competition lawCompetition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting. The history of competition law reaches back to the Roman Empire.
BorderBorders are usually defined as geographical boundaries, imposed either by features such as oceans and terrain, or by political entities such as governments, sovereign states, federated states, and other subnational entities. Political borders can be established through warfare, colonization, or mutual agreements between the political entities that reside in those areas; the creation of these agreements is called boundary delimitation.
British passportA British passport is a travel document issued by the United Kingdom or other British dependencies and territories to individuals holding any form of British nationality. It grants the bearer international passage in accordance with visa requirements and serves as proof of citizenship. It also facilitates access to consular assistance from British embassies around the world. Passports are issued using royal prerogative, which is exercised by His Majesty's Government; this means that the grant of a passport is a privilege, not a right, and may be withdrawn in some circumstances.
RefugeeA refugee, conventionally speaking, is a person who has lost the protection of their country of origin and who cannot or is unwilling to return there due to well-founded fear of persecution. Such a person may be called an asylum seeker until granted refugee status by the contracting state or the United Nations High Commissioner for Refugees (UNHCR) if they formally make a claim for asylum.
