Practice question
Under Section 25 of the Philippine Competition Act, what ownership ordinarily creates a presumption that a parent controls an entity?
- More than one-half of its voting power, directly or indirectly through subsidiaries
- Exactly one-tenth of its voting power
- Any single nonvoting share
- Any unpaid invoice owed by the entity
- Any license to sell the entity's products
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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