Practice question
A qualifying declaration lacks material information. The parties argue the reviewing department must accept their unsupported conclusions and cannot seek more. Which is correct?
- The word voluntary forbids every information request.
- Only the target's logo may be examined.
- Incomplete declarations automatically bind the President to approve.
- The IRR permits requests for additional information necessary to assess the transaction.
- The agency may never ask about indirect ownership.
Legal references
- RA 11659, amending CA146, public-utility definition and national-security safeguards: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/94539
- Signed March 20, 2023 implementing rules of RA11659, Sections 5-7 and 32-45: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/97017
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