About this document
Control Test vs. Grandfather Rule in SEC by Jayvee Tan is a document available to read on EtoBox.
The document discusses the tests used to determine corporate nationality under Philippine law - the control test and grandfather rule. It states that while the control test is the primary test according to the Department of Justice and laws like the Foreign Investments Act of 1991, the grandfather rule can still be applied in cases where the 60-40 Filipino-foreign equity ownership is in doubt. However, the author argues that the control test should always be used, with the anti-dummy law applying in cases o
- Author
- Jayvee Tan
- Language
- EN