Practice question
In warranted multi-layer tracing, H owns seventy-five percent of M, J owns eighty percent of H and genuine Filipinos own seventy-five percent of J. All other paths are foreign. Calculate the Filipino interest and explain why adding the percentages is wrong.
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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