Practice question
Does the IRR national-security-review framework depend exclusively on a party volunteering its transaction?
- Yes; silence permanently prevents every review.
- No; Section38 also provides for a motu proprio review.
- Yes; a party can conclusively opt out by using a holding company.
- No; because every foreign transaction is automatically prohibited without review.
- Yes; only the seller can authorize the government to act.
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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