Practice question
Foreign nationals propose owning 65% of an entity operating critical infrastructure. No reciprocity or other applicable legal basis is established. Which issue follows from section 25?
- The statute bars more than 50% absent the stated reciprocity condition
- Every foreign percentage is always prohibited
- Only the company’s name matters
- Every nonutility is wholly unrestricted
- Reciprocity is never relevant
Legal references
- https://lawphil.net/statutes/repacts/ra2022/ra_11659_2022.html — RA 11659, sections 2(e), 24 and 25
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