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(Fifth of a series) |
Click here to read Part II
Click here to read Part III [DatePublished] => 2001-11-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1746638 [AuthorName] => Sheila Samonte-Pesayco [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [5] => Array ( [ArticleID] => 96443 [Title] => BSP contests CA order to reopen Orient Bank [Summary] => The Bangko Sentral ng Pilipinas (BSP) is contesting the order of the Court of Appeals (CA) to reopen Orient Bank saying the ruling was not yet final and executory, and thus, could not be enforced.
BSP general counsel Juan de Zuniga Jr. said the BSP has grounds to seek reconsideration of the CA ruling.
Zuniga clarified the CA ruling, saying: "What the court ordered was the annulment of the liquidation of the bank and the orders of the Regional Trial Court of Manila which dismissed the petition of Orient Bank chairman and president Jose C. Go."
[DatePublished] => 2001-03-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 96402 [Title] => PDIC challenges reopening of Orient Bank [Summary] => The Philippine Deposit Insurance Corp. (PDIC) said yesterday it will challenge the order of the Court of Appeals (CA) to reopen Orient Bank of the family of Jose Go, even as Bangko Sentral Sentral ng Pilipinas (BSP) Governor Rafael Buenaventura said the legal team of the central bank will be consulted to come up with a response on the move to reopen the failed bank.
"The decision is not final and executory," Buenaventura said in reaction to the CA ruling the other day which stopped the PDIC from liquidating the bank.
[DatePublished] => 2001-03-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
(Fifth of a series) |
Click here to read Part II
Click here to read Part III [DatePublished] => 2001-11-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1746638 [AuthorName] => Sheila Samonte-Pesayco [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [5] => Array ( [ArticleID] => 96443 [Title] => BSP contests CA order to reopen Orient Bank [Summary] => The Bangko Sentral ng Pilipinas (BSP) is contesting the order of the Court of Appeals (CA) to reopen Orient Bank saying the ruling was not yet final and executory, and thus, could not be enforced.
BSP general counsel Juan de Zuniga Jr. said the BSP has grounds to seek reconsideration of the CA ruling.
Zuniga clarified the CA ruling, saying: "What the court ordered was the annulment of the liquidation of the bank and the orders of the Regional Trial Court of Manila which dismissed the petition of Orient Bank chairman and president Jose C. Go."
[DatePublished] => 2001-03-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 96402 [Title] => PDIC challenges reopening of Orient Bank [Summary] => The Philippine Deposit Insurance Corp. (PDIC) said yesterday it will challenge the order of the Court of Appeals (CA) to reopen Orient Bank of the family of Jose Go, even as Bangko Sentral Sentral ng Pilipinas (BSP) Governor Rafael Buenaventura said the legal team of the central bank will be consulted to come up with a response on the move to reopen the failed bank.
"The decision is not final and executory," Buenaventura said in reaction to the CA ruling the other day which stopped the PDIC from liquidating the bank.
[DatePublished] => 2001-03-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
By Antonio M. Claparols | September 5, 2020 - 12:00am
By Rocel Felix | March 18, 2001 - 12:00am
By Rocel Felix | March 15, 2001 - 12:00am