definiens: shall mean any corporation or non - corporate business entity which controls, iscontrolled by, or is under common control with a party to this Agreement . A corporation ornon - corporate business entity shall be regarded as in control of another corporation if itowns, or directly or indirectly controls, at least fifty ( 50 % ) percent of the voting stock of theother corporation, or : ( i ) in the absence of the ownership of at least fifty ( 50 % ) percent ofthe voting stock of a corporation ; or ( ii ) in the case of a non - corporate business entity, ornon - profit corporation if it possesses, directly or indirectly, the power to direct or cause thedirection of the management and policies of such corporation or non - corporate businessentity, as applicable . A corporation or non - corporate business entity shall also be regardedas in control of another corporation if in any country where local law will not permit foreignequity participation of a majority, ownership, or control, directly or indirectly, of themaximum percentage of such outstanding stock or voting rights permitted by local law