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Well I said it hypothetically. It all depends on the laws of the country. If Philippines held Pepsi responsible and ordered them to pay the entire amount, it wo
by minusSeven 6y ago
Well I said it hypothetically. It all depends on the laws of the country. If Philippines held Pepsi responsible and ordered them to pay the entire amount, it would be a different situation.
If you are ordered to pay money by the government and can't pay it may considered fraud. So the government can take bigger actions. I guess bankruptcy may follow where the government can end up seizing all assets the company has. If all those steps are insufficient then even bigger steps may follow.
As I said it all depends on the laws of that country. Not all countries have similar laws.