PHILSECO

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                    [ArticleID] => 134318
                    [Title] => SolGen elevates Philseco issue to SC en banc
                    [Summary] => Invoking national interest, the government has elevated its suit against JG Summit to the Supreme Court en banc, asking the high court to junk its own ruling that awarded the Philippine Shipyard and Engineering Corp. (Philseco) to the Gokongwei-owned conglomerate.


In a 20-page motion, Solicitor General Simeon V. Marcelo said the case is so important that it should be discussed at the en banc level of the highest court in the land.


                    [DatePublished] => 2001-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 132843
                    [Title] => Government invokes national interest in Philseco i
                    [Summary] => The Arroyo Administration is invoking the issue of national interest in an effort to persuade the Supreme Court en banc to reverse its first division’s decision awarding the Philippine Shipyard and Engineering Co. (Philseco) to a consortium led by the Gokongwei Group.


The Office of the Solicitor General is planning to elevate the case to the Supreme Court en banc, hoping to avoid a legal precedent that would force foreign shipyard owners to divest their holdings in excess of 40 percent.


                    [DatePublished] => 2001-09-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 132520
                    [Title] => Settlement not likely in Philseco issue
                    [Summary] => A settlement is not likely to emerge as the government awaits the decision of the Supreme Court on its appeals for the reconsideration of its ruling effectively  awarding Philippine Shipyard Corp. (Philseco) to a Gokongwei-led consortium of shipyard developers.


The Privatization Management Office expressed concern over the possible impact of the Supreme Court ruling on the privatization of Philseco, but officials gave assurances that government has plugged enough of the loopholes to prevent a similar legal crisis in the future.


                    [DatePublished] => 2001-09-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 131701
                    [Title] => Philseco row takes new twist
                    [Summary] => To settle the dispute over the Philippine Shipyard and Engineering Corp. (Philseco), the Asset Privatization Trust (APT) will  have to prove that government‘s joint venture agreement with Kawasaki Heavy Industries (KHI) included a provision for the right of first refusal.


Documents disclosed by JG Summit indicated that the conversion of KHI’s right of first refusal into the right to top was never cleared by the Commission on Audit (COA).


                    [DatePublished] => 2001-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [4] => Array
                (
                    [ArticleID] => 131570
                    [Title] => Supreme Court ruling on Subic shipyard seen to aff
                    [Summary] => At least five foreign-owned shipyards would be forced to divest their foreign ownership if the Supreme Court does not reverse its decision on the award of Subic Shipyards to the Gokongwei-led consortium.


As the dispute over Subic Shipyards escalates, sources disclosed that there were at least five shipyards with foreign investors owning in excess of the 40 percent limit on foreign ownership in public utility firms.


                    [DatePublished] => 2001-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 131217
                    [Title] => Government asks SC to recall award of Subic shipya
                    [Summary] => The Arroyo administration has asked the Supreme Court to reconsider its decision to award the privatization of Subic Shipyard to a consortium led by the Gokongwei group.


In an attempt to stave off legal crisis, Solicitor General Ricardo P. Galvez filed a motion asking the High Tribunal to set aside its decision promulgated on Nov. 20, 2000. Galvez said such decision will have a wide-reaching impact on the government’s entire privatization program.


                    [DatePublished] => 2001-08-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

SolGen elevates Philseco issue to SC en banc

By Des Ferriols | September 20, 2001 - 12:00am

Invoking national interest, the government has elevated its suit against JG Summit to the Supreme Court en banc, asking the high court to junk its own ruling that awarded the Philippine Shipyard and Engineering Corp....

Business

Government invokes national interest in Philseco i

By Des Ferriols | September 7, 2001 - 12:00am

The Arroyo Administration is invoking the issue of national interest in an effort to persuade the Supreme Court en banc to reverse its first division’s decision awarding the Philippine Shipyard and Engineering...

Business

Settlement not likely in Philseco issue

By Des Ferriols | September 4, 2001 - 12:00am

A settlement is not likely to emerge as the government awaits the decision of the Supreme Court on its appeals for the reconsideration of its ruling effectively awarding Philippine Shipyard Corp. (Philseco) to a...

Business

Philseco row takes new twist

By Des Ferriols | August 28, 2001 - 12:00am

To settle the dispute over the Philippine Shipyard and Engineering Corp. (Philseco), the Asset Privatization Trust (APT) will have to prove that government‘s joint venture agreement with Kawasaki Heavy Industries...

Business

Supreme Court ruling on Subic shipyard seen to aff

By Des Ferriols | August 27, 2001 - 12:00am

At least five foreign-owned shipyards would be forced to divest their foreign ownership if the Supreme Court does not reverse its decision on the award of Subic Shipyards to the Gokongwei-led consortium. As the...

Business

Government asks SC to recall award of Subic shipya

By Des Ferriols | August 24, 2001 - 12:00am

The Arroyo administration has asked the Supreme Court to reconsider its decision to award the privatization of Subic Shipyard to a consortium led by the Gokongwei group. In an attempt to stave off legal crisis,...

Business