About this document
Alien Banks and Land Ownership Issues by Irene Castro is a document available to read on EtoBox.
1) Alfonso Pangilinan, a former employee of China Banking Corporation, admitted civil liability for qualified theft. He transferred ownership of a residential lot to the bank to satisfy this liability. However, the Register of Deeds refused to register the transfer because the bank was alien-owned and barred from owning land under the Philippine Constitution. 2) Security Credit and Acceptance Corporation was engaging in banking activities like accepting deposits without authority. The Central Bank said it
- Author
- Irene Castro
- Language
- EN