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                    [ArticleID] => 165645
                    [Title] => SEC rejects CBCPNet petition for dissolution
                    [Summary] => The Securities and Exchange Commission has rejected CBCPNet’s petition to dissolve and be placed under the former’s protective custody, virtually quashing the Church-affiliated Internet firm’s prayer of salvaging its remaining assets.


In an en banc decision, the country’s corporate regulator dismissed, for lack of jurisdiction, CBCPNet’s motion to dissolve the company and place it under an SEC-appointed management committee.


                    [DatePublished] => 2002-06-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 162856
                    [Title] => SEC gives CBCPNet 10 days to give info on Internet venture
                    [Summary] => The Securities and Exchange Commission (SEC) has given the minority shareholders of CBCPNet an additional 10-day period to submit material information on the failed Internet venture’s financial operations before the corporate watchdog takes over the firm’s management.


SEC commissioner Jesus Martinez said the lack of an audit report and financial statement of CBCPNet would hinder the planned take over, especially as it concerns the identification and orderly disposal of its assets and the setting of its obligations to creditors.


                    [DatePublished] => 2002-05-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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                    [ArticleID] => 162124
                    [Title] => SEC to take over bankrupt CBCPNet
                    [Summary] => The Securities and Exchange Commission intends to take over the management of the bankrupt Internet firm CBCPNet Corp. to protect the company’s assets while waiting for a court ruling on its dissolution, an SEC official said yesterday.


SEC Commissioner Jesus Martinez said the corporate regulator would likely appoint a lawyer and an accountant to conserve CBCPNet’s assets until the regular courts rule on the company’s closure.


                    [DatePublished] => 2002-05-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1237712
                    [AuthorName] => Conrado Diaz Jr.
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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            [3] => Array
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                    [ArticleID] => 160869
                    [Title] => CBCP: Don’t blame us
                    [Summary] => "We are not the culprits."


This was the clarification of Lingayen-Dagupan Archbishop Oscar Cruz, former Catholic Bishops’ Conference of the Philippines (CBCP) president, a day after he admitted that he and two other prelates were gypped by a couple of some P190 million in an Internet venture.
                    [DatePublished] => 2002-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1735838
                    [AuthorName] => Sandy Araneta
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
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EMAN AND MARDIE LIM

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                    [ArticleID] => 165645
                    [Title] => SEC rejects CBCPNet petition for dissolution
                    [Summary] => The Securities and Exchange Commission has rejected CBCPNet’s petition to dissolve and be placed under the former’s protective custody, virtually quashing the Church-affiliated Internet firm’s prayer of salvaging its remaining assets.


In an en banc decision, the country’s corporate regulator dismissed, for lack of jurisdiction, CBCPNet’s motion to dissolve the company and place it under an SEC-appointed management committee.


                    [DatePublished] => 2002-06-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Christina Mendez
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                    [ArticleID] => 162856
                    [Title] => SEC gives CBCPNet 10 days to give info on Internet venture
                    [Summary] => The Securities and Exchange Commission (SEC) has given the minority shareholders of CBCPNet an additional 10-day period to submit material information on the failed Internet venture’s financial operations before the corporate watchdog takes over the firm’s management.


SEC commissioner Jesus Martinez said the lack of an audit report and financial statement of CBCPNet would hinder the planned take over, especially as it concerns the identification and orderly disposal of its assets and the setting of its obligations to creditors.


                    [DatePublished] => 2002-05-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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                    [ArticleID] => 162124
                    [Title] => SEC to take over bankrupt CBCPNet
                    [Summary] => The Securities and Exchange Commission intends to take over the management of the bankrupt Internet firm CBCPNet Corp. to protect the company’s assets while waiting for a court ruling on its dissolution, an SEC official said yesterday.


SEC Commissioner Jesus Martinez said the corporate regulator would likely appoint a lawyer and an accountant to conserve CBCPNet’s assets until the regular courts rule on the company’s closure.


                    [DatePublished] => 2002-05-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1237712
                    [AuthorName] => Conrado Diaz Jr.
                    [SectionName] => Headlines
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                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 160869
                    [Title] => CBCP: Don’t blame us
                    [Summary] => "We are not the culprits."


This was the clarification of Lingayen-Dagupan Archbishop Oscar Cruz, former Catholic Bishops’ Conference of the Philippines (CBCP) president, a day after he admitted that he and two other prelates were gypped by a couple of some P190 million in an Internet venture.
                    [DatePublished] => 2002-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1735838
                    [AuthorName] => Sandy Araneta
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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abtest

SEC rejects CBCPNet petition for dissolution

By Christina Mendez | June 23, 2002 - 12:00am

The Securities and Exchange Commission has rejected CBCPNet’s petition to dissolve and be placed under the former’s protective custody, virtually quashing the Church-affiliated Internet firm’s prayer...

Business

SEC gives CBCPNet 10 days to give info on Internet venture

By Christina Mendez | May 31, 2002 - 12:00am

The Securities and Exchange Commission (SEC) has given the minority shareholders of CBCPNet an additional 10-day period to submit material information on the failed Internet venture’s financial operations before...

Business

SEC to take over bankrupt CBCPNet

By Conrado Diaz Jr. | May 25, 2002 - 12:00am

The Securities and Exchange Commission intends to take over the management of the bankrupt Internet firm CBCPNet Corp. to protect the company’s assets while waiting for a court ruling on its dissolution, an...

Headlines

CBCP: Don’t blame us

By Sandy Araneta | May 15, 2002 - 12:00am

"We are not the culprits." This was the clarification of Lingayen-Dagupan Archbishop Oscar Cruz, former Catholic Bishops’ Conference of the Philippines (CBCP) president, a day after he admitted that...

Headlines