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What is COCOFED v Republic: Coconut Fund Case about?

The Sandiganbayan ordered the sequestration of stocks in banks owned by over a million coconut farmers and CIIF companies. The court ruled that (1) it did not abuse its power of judicial review in addressing the constitutionality of certain enactments to resolve the case, and (2) the levies implemented took on the nature of taxes since they utilized taxing and police powers of the state, making the funds public rather than private. Therefore, provisions allowing use of the funds to purchase bank shares were

Author

Maica Mahusay

Language

EN