Practice question
Does application of warranted tracing mean the resulting Filipino interest must always fall below sixty percent?
- Yes, regardless of facts
- Yes, every corporation becomes foreign
- Yes, any foreign interest is fatal
- No; the result depends on the actual traced interests and the applicable requirement
- Yes, arithmetic is irrelevant
Legal references
- Narra Nickel Mining and Development Corp. v. Redmont Consolidated Mines Corp., G.R. No. 195580, January 28, 2015, main resolution: https://lawphil.net/judjuris/juri2015/jan2015/gr_195580_2015.html
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