10. Standard Chartered Bank v Senate Comm on Bank.docx - CONSTITUTIONAL LAW I(Aids of Legislation CASE STANDARD CHARTERED BANK V SENATE COMM ON BANK

10. Standard Chartered Bank v Senate Comm on Bank.docx -...

This preview shows page 1 - 2 out of 2 pages.

CONSTITUTIONAL LAW I (Aids of Legislation) CASE: STANDARD CHARTERED BANK V SENATE COMM ON BANK FACTS: Senator Enrile delivered a privilege speech denouncing SCB-Phils. For unregistered foreign securities in violation of RA 8799 (Securities Regulation Code) and urging the Senate to immediately conduct an inquiry, in aid of legislation, to prevent the occurrence of similar activity in the future. (Upon motion of Senator Pangilinan), the speech was referred to respondent, which through it Chairperson (Sen. Angara),, set initial hearing and invited petitioners to attend. Petitioners (via letter) stressed that there were pending cases in court allegedly involving the same issues subject of the legislative inquiry, thereby posing a challenge to the jurisdiction or respondent committee to proceed with the inquiry. Legislative investigation commenced but with the invited resource person not being all present. (Senator Enrile moved for the issuance of subpoena and HDO or to include such absentees to the BI’s watchlist.
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Fall '15
  • Snape

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture