About this document
Grandfather Rule in Corporation Law by Mark Magno is a document available to read on EtoBox.
1. There are two tests to determine the nationality of a corporation - the place of incorporation test and the control test. The control test is used for corporations engaged in nationalized economic activities. 2. Under the control test, there are two approaches - the liberal rule/control test and the strict rule/grandfather rule. The liberal rule considers a corporation 60% owned by Filipinos to be Filipino. The strict rule traces ownership along corporate structures. 3. The control test and grandfathe
- Author
- Mark Magno
- Language
- EN