Practice question
Does Section 21(b)’s failing-entity route refer only to failure that has already fully occurred?
- Yes, imminent failure is excluded
- Yes, only liquidation qualifies
- Yes, only bankruptcy adjudication is named
- Yes, a shutdown must always be complete
- No; it refers to actual or imminent financial failure, with the additional least-anticompetitive-arrangement requirement
Legal references
- Philippine Competition Act, RA 10667, Sections 3 and 20-23: https://lawphil.net/statutes/repacts/ra2015/ra_10667_2015.html
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