formal arrangement definition
formal arrangement means a charter, joint venture, consortium or partnership arrangement or agreement, where at least 51 percent of the beneficial ownership and control of the charter, joint venture, consortium or partnership is vested in or held by nationals of Fiji or the State;
formal arrangement means a charter, joint venture, consortium or partnership arrangement or agreement, where the prescribed percent of the beneficial ownership and control of the charter, joint venture, consortium or partnership as appropriate is vested in or held by citizens [of Fiji][ or the Government of Fiji];