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Philnico vs. PMO: Stock Ownership Ruling by zac is a document available to read on EtoBox.

What is Philnico vs. PMO: Stock Ownership Ruling about?

This case involves a dispute over shares of stock in Philnico Processing Corporation (PPC) between Philnico Industrial Corporation (PIC) and Privatization and Management Office (PMO). PMO had originally owned the shares but transferred them to PIC in 1996 under an agreement where PIC would pay installments to PMO. In 2002, PMO declared PIC in default and intended to enforce the "automatic reversion" of the PPC shares back to PMO. The Court of Appeals and Supreme Court both ruled that ownership of the shares

Author

zac

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EN