Golden Arches Development Corporation (“GADC”) is a domestic corporation engaged in the operations and franchising of quick service restaurant business under the McDonald’s brand in the Philippines and in accordance with the master franchise agreement with McDonald’s Corporation (“MCD”), a company incorporated in Delaware and with principal offices in Illinois, USA. GADC was incorporated on July 16, 1980. McDonald’s is one of the best-known global brands. All McDonald’s restaurants in the Philippines are operated either by GADC or by independent entrepreneurs under a sub-franchise agreement or by affiliates under joint venture agreements with GADC. The McDonald’s System in the USA is adopted and used in the domestic restaurant operations, with prescribed standards of quality, service and cleanliness. Compliance with these standards is intended to maintain the value and goodwill of the McDonald’s brand worldwide.