Garnet Footwear suffered significant financial losses and had to close its foreign operations. The dissolution process took six months and cost four percent of the firm's estate. Where was Garnet's foreign operations most likely located?

Question

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The dissolution process took six months and cost four percent of the firm's estate. This suggests that Garnet's foreign operations were likely located in a country with a complex legal system and high dissolution costs, such as Japan.

Garnet Footwear Suffered Significant Financial Losses and Had to Close