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AllBar 2024COMMERCIAL AND TAXATION LAWSI. CORPORATION LAW (R.A. No. 11232, Revised Corporation Code)A. General Principlesb. Grandfather Rule

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Question

A. General Principles - Topic: Grandfather Rule

John is a licensed physician who has been practicing medicine in a private clinic for over 20 years. He duly obtained his license to practice medicine and has been fulfilling all the requirements mandated by the regulatory board. However, a new law was recently passed that imposes additional qualifications for medical practitioners. Part of this new law is the implementation of the Grandfather Rule, which provides certain exemptions for practitioners who have been practicing for a specific period of time.

Considering the provisions of the Grandfather Rule, discuss the legal implications of this law on John's status as a licensed physician and his continued practice of medicine. Explain how the Grandfather Rule operates, its purpose, and its impact on new and existing practitioners. Consider any limitations, conditions, or requirements imposed by the law, as well as any potential challenges or controversies surrounding its implementation.


Answer

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