Practice question
An existing critical-infrastructure operator is to receive an otherwise eligible foreign private investment resulting in 60% ownership. What does IRR 45 require concerning proof of reciprocity? Is a general claim of favorable relations enough?
Legal references
- RA 11659, Section 25; https://lawphil.net/statutes/repacts/ra2022/ra_11659_2022.html
- 2023 IRR of RA 11659, Section 45; https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/97017
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