Affiliates Law and Legal Definition. Affiliates fall into two categories. For corporate law and taxes, when a company is under the same umbrella as another company, whether as a member or subordinate, that company is deemed an affiliate. Two companies may fall under one umbrella if an affiliate is less than 50 percent owned by the parent company. Definition of AFFILIATE: Companies that have a shared resources, interests, or business dealings. Or a website that sells products they don’t physically own for commission. Refer “[A]n “affiliate” is defined by Black’s Law Dictionary, in the context of securities, as ‘[o]ne who controls, is controlled by, or is under common control with an issuer of a security.” Rothstein v. Am. Int’l Grp., Inc., 837 F.3d 195, 206 (2d Cir. 2016) (quoting Affiliate, Black’s Law Dictionary (10th ed. 2014)). Similarly, the Affiliated Entities means Shanghai Shengzhan Networking Technology Co., Ltd., Tianjin Shengjing Trade Co., Ltd and the other companies listed on Exhibit 8.1 to the Form 20-F for the fiscal year ended December 31, 2012 filed with the SEC on April 8, 2013, and any other person (other than a natural person) (i) that is directly or indirectly controlled by the Issuer or (ii) whose assets, or This exclusion from the definition of “affiliate” applies only for the period of time specifically authorized under applicable State or Federal law or regulation or, in the absence of such law or regulation, for a period of two years from the date of the exercise of such rights.
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