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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A privately owned foreign company proposes to acquire 60% of an entity managing critical infrastructure after its classification. Assume it is otherwise eligible and Section 25 applies. Its home country grants Philippine nationals qualifying reciprocal rights under its law. Which statement is correct?

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The foreign law may satisfy the reciprocity condition, subject to establishing the requisite rights. Reciprocity automatically eliminates every other regulatory requirement. Reciprocity is irrelevant above 50%. The company may replace legal proof with its director's personal assurance.

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