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                    [ArticleID] => 172335
                    [Title] => PDIC stopped from selling Unitrust assets
                    [Summary] => The Makati Regional Trial Court has issued an order stopping the Philippine Deposit Insurance Corp. (PDIC) from selling the assets of Unitrust Development Bank. 


The temporary restraining order (TRO) will be in effect for 20 days starting on Aug. 14. 


The court also ordered the PDIC to refrain from awarding or accepting "the rehabilitation program of Philippine Bank of Communications (PBCom) without the requisite stockholders’ approval." 


                    [DatePublished] => 2002-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 169884
                    [Title] => PBCom still bidding for Unitrust
                    [Summary] => The Philippine Bank of Communications (PBCom) has not formally withdrawn its bid to acquire Unitrust Development Bank (Unitrust), but has expressed apprehension in completing certain requirements of the Philippine Deposit Insurance Corp. (PDIC), the receiver of the troubled bank.


In an official communication, PBCom said that it was apprehensive about meeting the Aug. 4 deadline set by the PDIC for completion of the documentary requirements for PBCom’s rehabilitation plan for Unitrust.


                    [DatePublished] => 2002-07-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 169541
                    [Title] => Yuseco group mulls judicial rehab for United Overseas Bank
                    [Summary] => A group claiming to own and control the beleaguered Unitrust Development Bank (Unitrust) is threatening to seek judicial rehabilitation after the Philippine Deposit Insurance Corp. (PDIC) rejected its rehabilitation proposal. 


A group led by Francis R. Yuseco, Leopoldo J. Valcarcel and lawyer Fred L. Gutierrez said they would seek judicial rehabilitation from the civil courts if the PDIC, receiver of the troubled commercial bank, does not recognize their proposal. Gutierrez claims to represent the holdings of G. Cosmos Philippines. 


                    [DatePublished] => 2002-07-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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FIRST FEDERAL BANKING CORP

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    [results] => Array
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                    [ArticleID] => 172335
                    [Title] => PDIC stopped from selling Unitrust assets
                    [Summary] => The Makati Regional Trial Court has issued an order stopping the Philippine Deposit Insurance Corp. (PDIC) from selling the assets of Unitrust Development Bank. 


The temporary restraining order (TRO) will be in effect for 20 days starting on Aug. 14. 


The court also ordered the PDIC to refrain from awarding or accepting "the rehabilitation program of Philippine Bank of Communications (PBCom) without the requisite stockholders’ approval." 


                    [DatePublished] => 2002-08-17 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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            [1] => Array
                (
                    [ArticleID] => 169884
                    [Title] => PBCom still bidding for Unitrust
                    [Summary] => The Philippine Bank of Communications (PBCom) has not formally withdrawn its bid to acquire Unitrust Development Bank (Unitrust), but has expressed apprehension in completing certain requirements of the Philippine Deposit Insurance Corp. (PDIC), the receiver of the troubled bank.


In an official communication, PBCom said that it was apprehensive about meeting the Aug. 4 deadline set by the PDIC for completion of the documentary requirements for PBCom’s rehabilitation plan for Unitrust.


                    [DatePublished] => 2002-07-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                )

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                (
                    [ArticleID] => 169541
                    [Title] => Yuseco group mulls judicial rehab for United Overseas Bank
                    [Summary] => A group claiming to own and control the beleaguered Unitrust Development Bank (Unitrust) is threatening to seek judicial rehabilitation after the Philippine Deposit Insurance Corp. (PDIC) rejected its rehabilitation proposal. 


A group led by Francis R. Yuseco, Leopoldo J. Valcarcel and lawyer Fred L. Gutierrez said they would seek judicial rehabilitation from the civil courts if the PDIC, receiver of the troubled commercial bank, does not recognize their proposal. Gutierrez claims to represent the holdings of G. Cosmos Philippines. 


                    [DatePublished] => 2002-07-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                )

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abtest

PDIC stopped from selling Unitrust assets

By Ted P. Torres | August 17, 2002 - 12:00am

The Makati Regional Trial Court has issued an order stopping the Philippine Deposit Insurance Corp. (PDIC) from selling the assets of Unitrust Development Bank. The temporary restraining order (TRO) will be in...

Business

PBCom still bidding for Unitrust

By Ted P. Torres | July 28, 2002 - 12:00am

The Philippine Bank of Communications (PBCom) has not formally withdrawn its bid to acquire Unitrust Development Bank (Unitrust), but has expressed apprehension in completing certain requirements of the Philippine...

Business

Yuseco group mulls judicial rehab for United Overseas Bank

By Ted P. Torres | July 25, 2002 - 12:00am

A group claiming to own and control the beleaguered Unitrust Development Bank (Unitrust) is threatening to seek judicial rehabilitation after the Philippine Deposit Insurance Corp. (PDIC) rejected its rehabilitation...

Business