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No, a 51/49 JV is not automatically treated like a wholly owned subsidiary under Copperweld. Maybe the JV and the 51% parent are treated as a “single entity” for some purposes if control and incentives are truly unified, but you can’t assume that from 51% alone. Firewalls are still advisable if the parents are actual/potential competitors
That’s a good question. I think some separation rules regarding material, economic decision makers of the JV and parent make sense. But again it depends the nature of the parents