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                    [Title] => Filipino UOBP investors refute Singaporeans’ claims
                    [Summary] => Filipino shareholders of United Overseas Bank of the Philippines (UOBP) took exception yesterday to allegations by their Singaporean counterparts that they assigned to themselves the disputed P1.4 billion in loans in return for yielding majority control of the bank.


Legal counsel of the Filipino group led by John Espiritu asserted that "it was the  Singaporeans who proposed the scheme and even had their lawyers prepare the transfer agreement for our client’s concurrence."


                    [DatePublished] => 2002-06-20 00:00:00
                    [ColumnID] => 133272
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LAWYER ARNOLD

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                    [Title] => Filipino UOBP investors refute Singaporeans’ claims
                    [Summary] => Filipino shareholders of United Overseas Bank of the Philippines (UOBP) took exception yesterday to allegations by their Singaporean counterparts that they assigned to themselves the disputed P1.4 billion in loans in return for yielding majority control of the bank.


Legal counsel of the Filipino group led by John Espiritu asserted that "it was the  Singaporeans who proposed the scheme and even had their lawyers prepare the transfer agreement for our client’s concurrence."


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abtest

Filipino UOBP investors refute Singaporeans’ claims

June 20, 2002 - 12:00am

Filipino shareholders of United Overseas Bank of the Philippines (UOBP) took exception yesterday to allegations by their Singaporean counterparts that they assigned to themselves the disputed P1.4 billion in loans...

Business