The phrase "a local subsidiary" is correct and usable in written English.
You can use it when referring to a branch or division of a larger company that operates in a specific local area.
Example: "The company has established a local subsidiary to better serve its customers in the region."
Alternatives: "a regional branch" or "a local branch office".
Access means that your banks can only lend via a local subsidiary.
Or say a German consumer buys a software package from a local subsidiary of an American firm.
The four-person committee also accused a local subsidiary of Vedanta of violating forest conservation and environment protection regulations.
Earlier this month, a court in Argentina froze the assets of a local subsidiary of Chevron as it decides whether to enforce the Ecuadorean judgment.
Having lost a recent court case, Hanover will have to pay a Berlin bank more than euro85m to refund tax collected from a local subsidiary since 1981.
The rating agency issued a similar warning for BNP Paribas, which does not have a local subsidiary in Greece but does own roughly $5 billion in Greek debt.
In Canada, a trial judge ruled that Chevron is a separate company from its local subsidiary even though that subsidiary is 100percentt owned by Chevron.
KPN's E-Plus unit is the third-largest mobile phone operator in Germany, and could be a potential merger target for O2 Germany, the local subsidiary of the Spanish telecom company Telef?a.
Shaik was jailed for 15 years in 2005 for soliciting a bribe from Thint, the local subsidiary of French arms company Thales.
The trouble is, one of the seven inter-dealer brokers, the local subsidiary of Cantor Fitzgerald, an American firm, already had a contract to sell its price information exclusively to Reuters, an information service.
The expanded inquiry comes just a week after the bank's local subsidiary, UBS France, was put under formal investigation on similar suspicions.
