- Philstar.com
- The Philippine Star
- Pilipino Star Ngayon
- The Freeman
- Pang-Masa
- Banat
- Interaksyon
- Coupons
SUPPORT PHILSTAR
About Us |
Contact Us |
Advertise |
Privacy Policy |
Member Agreement |
Copyright Notice
Copyright © 2024. Philstar Global Corp. All Rights Reserved
X
+ Follow AUSTRALIAN COMMERCIAL DISPUTE CENTER Tag
Array ( [results] => Array ( [0] => Array ( [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 [URL] => ) [1] => Array ( [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 [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [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 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [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 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
AUSTRALIAN COMMERCIAL DISPUTE CENTER
Array ( [results] => Array ( [0] => Array ( [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 [URL] => ) [1] => Array ( [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 [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [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 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [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 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Ted P. Torres | July 12, 2002 - 12:00am
By Ted P. Torres | July 4, 2002 - 12:00am
June 16, 2002 - 12:00am
June 15, 2002 - 12:00am
Recommended
Fired up by its 114-112 steal in Game 3, Converge sprang another ambush on mighty San Miguel Beer.
14 hours ago
White confetti fell and the University of Santo Tomas Tigresses had all the time to celebrate.
14 hours ago
Regional players turned in commanding performances in the ICTSI Junior PGT National Match Play Finals, capturing six of the eight titles disputed at The Country Club here on Friday.
14 hours ago
Arellano University added another big fish to its growing NCAA Season 100 catch after it shocked leader St. Benilde, 73-71, yesterday to light up its flickering Final Four hopes at the Filoil EcoOil Arena.
14 hours ago
The Philippine men’s and women’s football teams are gearing up for testy battles overseas as part of their respective preparations for major competitions down the road.
14 hours ago
Lotto Oct 4, 2024
EZ2/LVM - 14 16
SUERTRES - 8 3 2
6D Lotto - 9 0 3 0
6/45 Lotto - 41 44 23 3 17 5
P94,470,811.00
6/58 Ultra Lotto - 46 19 11 40 41 16
P228,127,654.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66