WebJan 20, 2024 · In effect, List A is a summary of the relevant limitations as mandated by the Constitution or the specific law concerned, whereas List B represents the limits determined by the Government from time to time pursuant to presidential order. ... Roy was preceded by the 2011 case of Gamboa v. Teves (Gamboa). WebFacts: The issue started when petitioner Gamboa questioned the indirect sale of shares involving almost 12 million shares of the Philippine Long Distance Telephone Company (PLDT) owned by PTIC to First Pacific. Thus, First Pacific’s common shareholdings in PLDT increased from 30.7 percent to 37 percent, thereby increasing the total common …
Foreign Investment in the Philippines: Recent Developments ...
WebThe 111,415 PTIC shares, which represent about 46.125 percent of the outstanding capital stock of PTIC, were later declared by this Court to be owned by the Republic of the Philippines. Subsequently, these shares of stock were sold to foreign entity. As a result of such sale, the prohibition of the 1987 Constitution mandating that the capital of public … WebMar 29, 2024 · The Court did not rule on the factual issues raised by Gamboa, except the single and purely legal issue on the definition of the term "capital" in Section 11, Article … homepage poltronesofa
Case Digest Gamboa Vs Teves PDF Common Stock Preferred …
WebJun 28, 2011 · Gamboa v. Teves (G.R. No. 176579; June 28, 2011) CASE DIGEST: WILSON P. GAMBOA, Petitioner, vs. FINANCE SECRETARY MARGARITO B. TEVES, FINANCE UNDERSECRETARY JOHN P. SEVILLA, AND COMMISSIONER RICARDO … WebOct 9, 2012 · Gamboa vs. Teves, G.R. No. 176579, October 9, 2012 FACTS: The lawyers of PLDT felt that they were disadvantaged by this decision, because now it is not based on total outstanding stock, but on the common shares. They filed a Motion for Reconsideration brought by the foreigners and their lawyers who were insisting on the total outstanding … WebJun 24, 2024 · The Roy case stemmed from a statement in its predecessor case, Gamboa vs. Teves (G.R. No. 176579, October 9, 2012), which read that the “constitutional … hino montreal anjou