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Date: Nov. 16, 2021, 4:01 p.m.

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Date: 2021-11-23 11:27:30.000000

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DOJ Legal Opinion on Mariculture/Aquaculture Investment

Published by Department of Justice(DOJ) on Nov. 16, 2021.
Requested from DOJ by M. Vidad at 04:01 PM on Nov. 16, 2021.
Purpose: For drafting the appropriate reply to DTI
Date of Coverage: 11/16/2021 - 11/16/2021
Tracking no: #DOJ-365959364135

A.ARAGON Nov. 16, 2021, 4:01 p.m.

Greetings! Another government agency emailed us re: a foreign company's inquiry on the establishment of a sea cucumber breeding facility here. They further inquired if said activity is open or not for foreign investments and if open, what is the maximum equity participation of the said foreign investor in the same venture? In view of this, we would like to respectfully request a copy of the DOJ Legal Opinion that discusses mariculture investments and the allowed foreign equity on such projects. Thank you!

I.DULIN Nov. 23, 2021, 11:27 a.m.

November 23, 2021 Dear Arron Hart Aragon, Greetings! Thank you for your request dated Nov 16, 2021 04:01:24 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for a DOJ Legal Opinion on Mariculture/Aquaculture Investment. Response to Request We ask you to please coordinate with our Records Section at (02)8-523-8481 loc. 232/233. Thank you, FOI Receiving Officer

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