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Question · Substance over form

Sylvain Aubert is chief executive of Brisa SA and a member of its key management personnel. The shares of Nautis, a supplier of Brisa, are registered in the name of his sister-in-law; in practice, Sylvain gives Nautis its management instructions and signs its contracts. Write a note determining whether Nautis should be examined as a possible related party of Brisa, separating case facts, rule and judgement.

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Judgment question: compare your answer with the criteria and the model explanation.

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