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Jeffrey Galmond
Jeffrey Peter Galmond is a Danish Supreme Court lawyer and businessman. He is the owner of the law firm J. P. Galmond & Co. He owned large portions of the holding companies that owned the Russian mobile telecommunications operator Megafon. One of these portions was contested. Galmond had been accused of not being the true owner of the Russian assets, but of acting as a front to Russian minister of telecommunications Leonid Reiman. These claims were vigorously denied by Galmond. Involvement with Leonid Reiman Galmond became acquainted with Leonid Reiman in the 1980s. With headquarters in Copenhagen and offices in Hamburg, J.P. Galmond & Company established a presence in telecommunication, finance, and company law in Russia in 1989 and a representation office in St Petersburg in 1992 and in Moscow in 2000. In the early 1990s, Galmond met Leonid Reiman in Leningrad (St Petersburg), who was an executive with the Leningrad City Telephone Network (LGTS) that was renamed the St. Petersb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |