Difference between revisions of "De facto"
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Latest revision as of 23:36, 26 June 2021
Law - company law - regulation.
Existing as a matter of practical reality, whether or not supported by a legally enforceable act or other formality.
Particularly relating to the exercise of powers, control or influence.
For example, a de factor director is someone who acts as a director without having been formally appointed as one.
- De facto capital market integration exceeds de jure
- "[There is a] substantial gap between de facto and de jure measures of financial openness and integration.
- In short, the fact that numerous developing countries impose significant legal controls on the international movement of capital does not mean that such controls are particularly effective in curbing international capital flows.
- Actual financial integration – as measured by capital flows and cross-border financial asset holdings – may significantly exceed the level implied by corresponding legal controls."
- Asian capital market integration - the Treasurer's Wiki