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What is CBC v. HDMF: Waiver Guidelines Invalidated about?

China Banking Corporation v. Members of the Board of Trustees, Home Development Mutual Fund | Gonzaga-Reyes, J. (1999) [1] CBC and CBC-PCCI were granted certificates of waiver from the Home Development Mutual Fund (HDMF) due to their superior retirement plans. [2] The HDMF Board issued an Amendment requiring companies to have both a superior retirement/provident plan and employee housing plan to be entitled to the exemption. [3] CBC and CBC-PCCI filed a petition arguing the Amendment exceeded the Board

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