Practice question
An investor owns 35% of an entity's voting power but, under an enforceable agreement, directs its financial and operating policies. Explain whether minority ownership necessarily defeats a finding of control.
Legal references
- RA 10667, Sections 4(f)–(g), 25 and 27; https://lawphil.net/statutes/repacts/ra2015/ra_10667_2015.html
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