Practice question
A parent owns exactly half of another entity’s voting power and has no other control rights or circumstances shown. Does the ownership-based presumption in Section 25 arise solely from that 50% figure?
- Yes, exactly half is more than half
- Yes, every minority shareholding is conclusively controlling
- No; that presumption requires more than one-half, although other Section 25 powers could separately establish control
- No; control can never exist at half or less
- Only if the companies use matching names
Legal references
- RA 10667, Philippine Competition Act, Sections 4, 14-15 and 24-27: https://lawphil.net/statutes/repacts/ra2015/ra_10667_2015.html
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