1) In addition to the general principles established by the Agreement, this article sets out those cases where two or more Persons will be considered Related Persons for the purposes of applying the Agreement and Law.
2) A natural Person is considered a Related Person in relation to any other natural Person who is a spouse or a brother-in-law, or a relative to the fourth degree.
3) An employer, his employee and partners are Related Persons for the purposes of the Law. Partners in a partnership are also Related Persons.
4) A natural Person and a legal Person are considered Related Persons for the purposes of the Law in cases where:
a) the natural Person is a partner or a director of a legal Person or a person who directs the strategic decisions of the legal Person,
b) the natural Person, either alone or together with a Related Person or Persons under this article, owns or controls over fifty percent (50%) of the capital or over fifty percent (50%) of the voting rights or value of the legal Person, whether, in either case, directly or indirectly.
5) Legal Persons are considered to be under common control and are thus Related Persons if over fifty percent (50%) of the capital, or ownership or control of over fifty percent (50%) or more of the voting rights or value, in both or all of the legal Persons, is held by the same Person or group of Persons, whether, in any of the foregoing cases, directly or indirectly.
6) A trustee of a settlement, a settlor, and any beneficiary are Related Persons for the purposes of the Law.
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