+ Follow FARMIX Tag
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 237563
[Title] => S’pore’s UOBL ordered to pay minority stockholders
[Summary] => The Manila Regional Trial Court has ordered the Singapore-based United Overseas Bank Ltd. (UOBL) to pay P135.6 million in damages to a group of minority stockholders led by the Farmix group.
In his order, RTC judge Artemio Tipon said the minority group should be awarded its proportionate share in the proceeds of the sale of Westmont Bank to UOBL, including interest.
UOBL acquired a 60 percent controlling stake in Westmont Bank, owned by the group of former Finance Secretary Edgardo Espiritu, in 1999 through a leveraged buy-out.
[DatePublished] => 2004-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
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[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 210943
[Title] => UOBL disputes legal basis of Farmix’s derivative suit
[Summary] => The United Overseas Bank Ltd. (UOBL) of Singapore said the legal action taken by the Farmix group should not have been focused on its subsidiary, the United Overseas Bank of the Philippines (UOBP).
Rather the dispute was actually between the two factions within the minority shareholders in UOBP, the Espiritu and the Farmix groups.
[DatePublished] => 2003-06-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 210707
[Title] => Minority owners seek injunction vs UOBP
[Summary] => The Farmix group, a minority bloc at the United Overseas Bank of the Philippines (UOBP), has filed a petition for a court injunction seeking to restrain the present board from holding office.
[DatePublished] => 2003-06-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 196360
[Title] => UOB gives court copy of contract to help settle Farmix-Espiritu row
[Summary] => United Overseas Bank of the Philippines has submitted to a Manila court a copy of its settlement agreement with the group of former Finance Secretary Edgardo Espiritu as requested by the Farmix Fertilizer group.
The bank said this should help the Farmix and Espiritu groups settle their differences on how much Farmix is entitled to from the amount the Espiritu group got from UOB for selling out of the bank.
Farmix used to be part of the Espiritu group and had internal arrangements on sharings as minority partners of UOB of Singapore.
[DatePublished] => 2003-02-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 195101
[Title] => UOBP says Farmix-Espiritu row won’t affect its operations
[Summary] => United Overseas Bank of the Philippines’ (UOBP) operations will not be affected by the current row between former business partners Farmix Fertilizer Group and the Espiritu Group.
"This is a commercial matter that is now pending with the courts and has no bearing on the bank’s operations," UOBP said in a statement.
The case stems from a question of how much Farmix is entitled to as its share from certain UOBP receivables that UOBP used as basis in buying out the remaining shares of the Espiritu Group last year.
[DatePublished] => 2003-02-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 188092
[Title] => House summons Espiritu, UOBP execs
[Summary] => Former Finance Secretary Edgardo Espiritu and officers of the United Overseas Bank of the Philippines (UOBP) have been invited to a House hearing tomorrow.
The hearing to be conducted by the committee on banks is on the controversial sale of 33 percent of UOBP (formerly Westmont Bank) shares by the group of Espiritu to his Singaporean partners. The sale made the Singaporeans the majority owners of the bank.
[DatePublished] => 2002-12-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097047
[AuthorName] => Jess Diaz
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 187202
[Title] => Row among UOBP owners deepens
[Summary] => The dispute between two factions of former owners of the United Overseas Bank of the Philippines (UOBP) turned from bad to worse amid charges of alleged opportunism by the minority shareholders.
Lawyer Francis Lim, senior partner of the ACCRA Law and legal counsel for the controlling Espiritu-Tan Caktiong Group, accused the Farmix Group of illegally increasing their 7.66-percent stake in UOBP, formerly known as Westmont Bank, to 10.36 percent.
[DatePublished] => 2002-12-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 186816
[Title] => RTC tells UOBP to disclose details of buyout deal
[Summary] => The Manila Regional Trial Court (RTC) has ordered officials of the United Overseas Bank of the Philippines (UOBP) to disclose the settlement agreement for the buy-out by the Singaporean investors of the former Westmont Bank.
Aside from an examination and copying of the settlement accord, the court also ordered that deposition on details of the deal be taken from UOBP president Chua Teng Hui, Jollibee chairman and president Tony Tan Caktiong, and businessman John Espiritu.
[DatePublished] => 2002-12-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 186406
[Title] => UOBP minority stockholder accuses Espiritu of engaging in ‘dummy deal’
[Summary] =>
A minority stockholder of United Overseas Bank of the Phils. (UOBP) has accused former Finance Secretary Edgardo Espiritu and his associates of engaging in dummy deals, a charge that has been denied by the lawyers of the Espiritus.
The minority stockholder also called on the Bangko Sentral ng Pilipinas (BSP) to investigate the reported settlement between the bank’s majority stockholders and Espiritu Group.
In a press statement, lawyer Roan Libarios claims the same dummy deal "is now being used to deprive the group of its rightful share in UOBP."
[DatePublished] => 2002-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 186297
[Title] => Protracted legal battle seen over minority claim in UOBP
[Summary] => A protracted legal battle is seen over a claim by a minority shareholder in the United Overseas Bank Philippines (UOBP) buy-out settlement.
"If they (Farmix owners) insist on their claim, we will fight it out in court and it will take years before they get their money," said corporate lawyer Francis Lim of the ACCRA law office.
[DatePublished] => 2002-12-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
FARMIX
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 237563
[Title] => S’pore’s UOBL ordered to pay minority stockholders
[Summary] => The Manila Regional Trial Court has ordered the Singapore-based United Overseas Bank Ltd. (UOBL) to pay P135.6 million in damages to a group of minority stockholders led by the Farmix group.
In his order, RTC judge Artemio Tipon said the minority group should be awarded its proportionate share in the proceeds of the sale of Westmont Bank to UOBL, including interest.
UOBL acquired a 60 percent controlling stake in Westmont Bank, owned by the group of former Finance Secretary Edgardo Espiritu, in 1999 through a leveraged buy-out.
[DatePublished] => 2004-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 210943
[Title] => UOBL disputes legal basis of Farmix’s derivative suit
[Summary] => The United Overseas Bank Ltd. (UOBL) of Singapore said the legal action taken by the Farmix group should not have been focused on its subsidiary, the United Overseas Bank of the Philippines (UOBP).
Rather the dispute was actually between the two factions within the minority shareholders in UOBP, the Espiritu and the Farmix groups.
[DatePublished] => 2003-06-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 210707
[Title] => Minority owners seek injunction vs UOBP
[Summary] => The Farmix group, a minority bloc at the United Overseas Bank of the Philippines (UOBP), has filed a petition for a court injunction seeking to restrain the present board from holding office.
[DatePublished] => 2003-06-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 196360
[Title] => UOB gives court copy of contract to help settle Farmix-Espiritu row
[Summary] => United Overseas Bank of the Philippines has submitted to a Manila court a copy of its settlement agreement with the group of former Finance Secretary Edgardo Espiritu as requested by the Farmix Fertilizer group.
The bank said this should help the Farmix and Espiritu groups settle their differences on how much Farmix is entitled to from the amount the Espiritu group got from UOB for selling out of the bank.
Farmix used to be part of the Espiritu group and had internal arrangements on sharings as minority partners of UOB of Singapore.
[DatePublished] => 2003-02-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 195101
[Title] => UOBP says Farmix-Espiritu row won’t affect its operations
[Summary] => United Overseas Bank of the Philippines’ (UOBP) operations will not be affected by the current row between former business partners Farmix Fertilizer Group and the Espiritu Group.
"This is a commercial matter that is now pending with the courts and has no bearing on the bank’s operations," UOBP said in a statement.
The case stems from a question of how much Farmix is entitled to as its share from certain UOBP receivables that UOBP used as basis in buying out the remaining shares of the Espiritu Group last year.
[DatePublished] => 2003-02-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 188092
[Title] => House summons Espiritu, UOBP execs
[Summary] => Former Finance Secretary Edgardo Espiritu and officers of the United Overseas Bank of the Philippines (UOBP) have been invited to a House hearing tomorrow.
The hearing to be conducted by the committee on banks is on the controversial sale of 33 percent of UOBP (formerly Westmont Bank) shares by the group of Espiritu to his Singaporean partners. The sale made the Singaporeans the majority owners of the bank.
[DatePublished] => 2002-12-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097047
[AuthorName] => Jess Diaz
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 187202
[Title] => Row among UOBP owners deepens
[Summary] => The dispute between two factions of former owners of the United Overseas Bank of the Philippines (UOBP) turned from bad to worse amid charges of alleged opportunism by the minority shareholders.
Lawyer Francis Lim, senior partner of the ACCRA Law and legal counsel for the controlling Espiritu-Tan Caktiong Group, accused the Farmix Group of illegally increasing their 7.66-percent stake in UOBP, formerly known as Westmont Bank, to 10.36 percent.
[DatePublished] => 2002-12-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 186816
[Title] => RTC tells UOBP to disclose details of buyout deal
[Summary] => The Manila Regional Trial Court (RTC) has ordered officials of the United Overseas Bank of the Philippines (UOBP) to disclose the settlement agreement for the buy-out by the Singaporean investors of the former Westmont Bank.
Aside from an examination and copying of the settlement accord, the court also ordered that deposition on details of the deal be taken from UOBP president Chua Teng Hui, Jollibee chairman and president Tony Tan Caktiong, and businessman John Espiritu.
[DatePublished] => 2002-12-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 186406
[Title] => UOBP minority stockholder accuses Espiritu of engaging in ‘dummy deal’
[Summary] =>
A minority stockholder of United Overseas Bank of the Phils. (UOBP) has accused former Finance Secretary Edgardo Espiritu and his associates of engaging in dummy deals, a charge that has been denied by the lawyers of the Espiritus.
The minority stockholder also called on the Bangko Sentral ng Pilipinas (BSP) to investigate the reported settlement between the bank’s majority stockholders and Espiritu Group.
In a press statement, lawyer Roan Libarios claims the same dummy deal "is now being used to deprive the group of its rightful share in UOBP."
[DatePublished] => 2002-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 186297
[Title] => Protracted legal battle seen over minority claim in UOBP
[Summary] => A protracted legal battle is seen over a claim by a minority shareholder in the United Overseas Bank Philippines (UOBP) buy-out settlement.
"If they (Farmix owners) insist on their claim, we will fight it out in court and it will take years before they get their money," said corporate lawyer Francis Lim of the ACCRA law office.
[DatePublished] => 2002-12-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
February 4, 2004 - 12:00am
February 22, 2003 - 12:00am
February 12, 2003 - 12:00am
December 9, 2002 - 12:00am
December 6, 2002 - 12:00am
December 2, 2002 - 12:00am
