About this document

PCGG vs Sandiganbayan: Sequestration Ruling by CJ Mel is a document available to read on EtoBox.

The PCGG issued writs of sequestration against OWNI and directed its corporate secretary to hold a special stockholders meeting. At this meeting, PCGG voted shares to elect its nominees to the board of directors. However, the regular shareholders of OWNI questioned this election. Subsequently, another board election was held for the Class A shares. PCGG then sought to enjoin the new directors. The Sandiganbayan nullified the writs of sequestration, stating that PCGG needed to file a separate suit against OW

Author

CJ Mel

Language

EN