+ Follow FINANCE SECRETARY EDGARDO ESPIRITU Tag
[DatePublished] => 2003-03-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => 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] => ) [6] => Array ( [ArticleID] => 194118 [Title] => UOBL head in hot water [Summary] => A Manila court has ordered the deposition of the chairman of the United Overseas Bank Ltd. (UOBL) of Singapore on the controversial buyout deal of the Singaporean investors of the former Westmont Bank now operating under the name United Overseas Bank of the Philippines (UOPB).
[DatePublished] => 2003-02-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [7] => 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] => ) [8] => 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] => ) [9] => Array ( [ArticleID] => 185324 [Title] => House body to probe UOBP deal [Summary] => The House committee on banks will open an inquiry this week into the alleged control by Singaporean investors of the United Overseas Bank of the Philippines (UOBP).
Rep. Jaime Lopez (Lakas, Manila), committee chairman, said yesterday his panel would want to inquire into whether Singaporeans have indeed gained control of the local bank.
He said the committee would also check if constitutional limitations on foreign ownership of a domestic corporation and the General Banking Act have been violated.
[DatePublished] => 2002-11-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097047 [AuthorName] => Jess Diaz [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
[DatePublished] => 2003-03-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => 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] => ) [6] => Array ( [ArticleID] => 194118 [Title] => UOBL head in hot water [Summary] => A Manila court has ordered the deposition of the chairman of the United Overseas Bank Ltd. (UOBL) of Singapore on the controversial buyout deal of the Singaporean investors of the former Westmont Bank now operating under the name United Overseas Bank of the Philippines (UOPB).
[DatePublished] => 2003-02-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [7] => 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] => ) [8] => 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] => ) [9] => Array ( [ArticleID] => 185324 [Title] => House body to probe UOBP deal [Summary] => The House committee on banks will open an inquiry this week into the alleged control by Singaporean investors of the United Overseas Bank of the Philippines (UOBP).
Rep. Jaime Lopez (Lakas, Manila), committee chairman, said yesterday his panel would want to inquire into whether Singaporeans have indeed gained control of the local bank.
He said the committee would also check if constitutional limitations on foreign ownership of a domestic corporation and the General Banking Act have been violated.
[DatePublished] => 2002-11-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097047 [AuthorName] => Jess Diaz [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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