Practice question
Distinguish the treatment under Section 24 of a lawful pre-effectivity capital holding by an ordinary foreign state-owned enterprise from its proposed additional investment after effectivity. Assume the public service is a public utility and no fund exception applies.
Legal references
- RA 11659, Sections 2(g) and 24; https://lawphil.net/statutes/repacts/ra2022/ra_11659_2022.html
- 2023 IRR of RA 11659, Section 44; https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/97017
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