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Clifford Chance

Clifford Chance


Ruling creates uncertainty for foreign investors in the Philippines

11 July 2011

A far-reaching decision recently handed down by the Supreme Court of the Philippines in Gamboa v Finance Secretary & Ors, has changed the interpretation of the country's foreign ownership rules, and thereby left some foreign investors in the Philippines in an uncertain position.

In this client briefing we outline the key points of the decision before looking at the likely fall-out from the decision and potential options for foreign investors.

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