also: げんほう
noun
local subsidiary
Abbreviation of 現地法人. Used in business contexts to refer to a locally incorporated subsidiary of a foreign company.
See also: 現地法人
当社はタイに現法を設立した。
Our company established a local subsidiary in Thailand.
現法の社長は現地採用の日本人だ。
The president of the local subsidiary is a Japanese person hired locally.
Full, formal term for a local subsidiary. 現法 is the common abbreviation used in business.
Abbreviation of 現地法人 (げんちほうじん, 'local subsidiary'). The reading げんぽう is a contraction of げんちほうじん.