Practice question
Which issue can justify further tracing despite apparent compliance with a 60–40 ownership ratio?
- The company uses email
- Its office has several floors
- It has a foreign customer
- Factual doubt about genuine Filipino control and beneficial ownership
- A director owns a foreign-made phone
Legal references
- https://lawphil.net/judjuris/juri2014/apr2014/gr_195580_2014.html — Narra Nickel v. Redmont, G.R. No. 195580, April 21, 2014, main decision
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/59145 — Narra Nickel v. Redmont, G.R. No. 195580, January 28, 2015, main resolution
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