Practice question
What preliminary assistance do IRR Section42 consultations contemplate?
- Automatic final presidential approval without any review.
- A private guarantee that no other law applies.
- Advance consultation and, where appropriate, draft documents to clarify the transaction and needed information.
- A mandatory sale of the target to the consulting official.
- A right to conceal all material transaction facts.
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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