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                    [ArticleID] => 167992
                    [Title] => Minority group in UOBP splits from Espiritu-led faction
                    [Summary] => The ownership dispute at the United Overseas Bank of the Philippines (UOBP) is not completely over yet even as the majority owners have reached a settlement with the Espiritu-led minority group.


Previous reports indicated that the United Overseas Bank Ltd. (UOBL) of Singapore, which controls over 60 percent equity in the bank, has settled its differences with the Westmont Investment Corp. (Wincorp.) led by Former Finance Secretary Edgardo Espiritu, the group represented by Jollibee Foods Corp. president Antonio Tan Caktiong, and the Farmix Fertilizers Corp. group.


                    [DatePublished] => 2002-07-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 167060
                    [Title] => Singaporeans buy out Espiritu group from United Overseas Bank for P1B
                    [Summary] => The Singaporean owners of United Overseas Bank of the Philippines (UOBP) have reportedly bought out for P1 billion the minority group headed by the son of former Finance Secretary Edgardo Espiritu to finally put an end to a long-running dispute between the two groups.


Banking sources said the buyout was formalized in a memorandum of agreement signed early this week by the majority group headed by the United Overseas Bank Ltd. (UOBL) of Singapore and the Espiritu group. The agreement will give UOBL 100-percent ownership of UOBP, formerly known as Westmont Bank.


                    [DatePublished] => 2002-07-04 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 164798
                    [Title] => BSP urged to mediate in UOBP dispute
                    [Summary] => Filipino investors of the United Overseas Bank of the Philippines (UOBP) appealed yesterday to the monetary authorities to exercise their "power of persuasion and regulation" to bring to an end the "intracorporate dispute" rocking the Singaporean-controlled bank.


Lawyer Avelino Sebastian, a board member of UOBP representing Tony Tan Caktiong of the Jollibee food chain, said the sooner the word war pitting the Filipino investors against the Singaporean majority shareholders is stopped, the better for both parties and the bank.


                    [DatePublished] => 2002-06-16 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 164679
                    [Title] => UOBP protagonists told to settle their differences
                    [Summary] => Monetary authorities are urging the contending factions in the United Overseas Bank of the Philippines (UOBP) to find a win-win formula or face the risk of both losing the bank.


In a press briefing, Bangko Sentral ng Pilipinas (BSP) Governor Rafael B. Buenaventura said they are trying to get the two contending parties to sit down and talk rather than throw charges and counter-charges against each other.


                    [DatePublished] => 2002-06-15 00:00:00
                    [ColumnID] => 133272
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AUSTRALIAN COMMERCIAL DISPUTE CENTER

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    [results] => Array
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                (
                    [ArticleID] => 167992
                    [Title] => Minority group in UOBP splits from Espiritu-led faction
                    [Summary] => The ownership dispute at the United Overseas Bank of the Philippines (UOBP) is not completely over yet even as the majority owners have reached a settlement with the Espiritu-led minority group.


Previous reports indicated that the United Overseas Bank Ltd. (UOBL) of Singapore, which controls over 60 percent equity in the bank, has settled its differences with the Westmont Investment Corp. (Wincorp.) led by Former Finance Secretary Edgardo Espiritu, the group represented by Jollibee Foods Corp. president Antonio Tan Caktiong, and the Farmix Fertilizers Corp. group.


                    [DatePublished] => 2002-07-12 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 167060
                    [Title] => Singaporeans buy out Espiritu group from United Overseas Bank for P1B
                    [Summary] => The Singaporean owners of United Overseas Bank of the Philippines (UOBP) have reportedly bought out for P1 billion the minority group headed by the son of former Finance Secretary Edgardo Espiritu to finally put an end to a long-running dispute between the two groups.


Banking sources said the buyout was formalized in a memorandum of agreement signed early this week by the majority group headed by the United Overseas Bank Ltd. (UOBL) of Singapore and the Espiritu group. The agreement will give UOBL 100-percent ownership of UOBP, formerly known as Westmont Bank.


                    [DatePublished] => 2002-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [SectionUrl] => business
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                )

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                (
                    [ArticleID] => 164798
                    [Title] => BSP urged to mediate in UOBP dispute
                    [Summary] => Filipino investors of the United Overseas Bank of the Philippines (UOBP) appealed yesterday to the monetary authorities to exercise their "power of persuasion and regulation" to bring to an end the "intracorporate dispute" rocking the Singaporean-controlled bank.


Lawyer Avelino Sebastian, a board member of UOBP representing Tony Tan Caktiong of the Jollibee food chain, said the sooner the word war pitting the Filipino investors against the Singaporean majority shareholders is stopped, the better for both parties and the bank.


                    [DatePublished] => 2002-06-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
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                    [ArticleID] => 164679
                    [Title] => UOBP protagonists told to settle their differences
                    [Summary] => Monetary authorities are urging the contending factions in the United Overseas Bank of the Philippines (UOBP) to find a win-win formula or face the risk of both losing the bank.


In a press briefing, Bangko Sentral ng Pilipinas (BSP) Governor Rafael B. Buenaventura said they are trying to get the two contending parties to sit down and talk rather than throw charges and counter-charges against each other.


                    [DatePublished] => 2002-06-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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abtest

Minority group in UOBP splits from Espiritu-led faction

By Ted P. Torres | July 12, 2002 - 12:00am

The ownership dispute at the United Overseas Bank of the Philippines (UOBP) is not completely over yet even as the majority owners have reached a settlement with the Espiritu-led minority group. Previous reports...

Business

Singaporeans buy out Espiritu group from United Overseas Bank for P1B

By Ted P. Torres | July 4, 2002 - 12:00am

The Singaporean owners of United Overseas Bank of the Philippines (UOBP) have reportedly bought out for P1 billion the minority group headed by the son of former Finance Secretary Edgardo Espiritu to finally put...

Business

BSP urged to mediate in UOBP dispute

June 16, 2002 - 12:00am

Filipino investors of the United Overseas Bank of the Philippines (UOBP) appealed yesterday to the monetary authorities to exercise their "power of persuasion and regulation" to bring to an end the "intracorporate...

Business

UOBP protagonists told to settle their differences

June 15, 2002 - 12:00am

Monetary authorities are urging the contending factions in the United Overseas Bank of the Philippines (UOBP) to find a win-win formula or face the risk of both losing the bank. In a press briefing, Bangko Sentral...

Business