Palestinians insisted that the fence is an apartheid

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: CORPORATIONS, PRIVATE AND PUBLIC Q: May Congress provide for the organization and regulation of private corporations? A: The Congress shall not, except by general law, provide for the formation, organization, or regulation of private corporations. (Sec. 16, Art. XII, 1987 Constitution) Q: What is the purpose of this provision? A: Its purpose is to insulate Congress against pressures from special interests. To permit the law making body by special law to provide for the organization or formation or regulation of private corporations x x x would be in effect to offer to it the temptation in many cases to favor certain groups to the prejudice of others or to the prejudice of the interests of the country. (Bernas, The 1987 Constitution of the Philippines: A Commentary) Q: May Congress enact a law creating Government‐Owned and Controlled corporations? A: Government‐owned and controlled corporations may be created or established by special charters in the interest of the common good and subject to the test of economic viability. (Sec. 14, Art. XII, 1987 Constitution) Q: What does the phrase ‘in the interest of the public good and subject to the test of economic viability’ mean? A: It means that government‐owned and controlled corporations must show capacity to function efficiently in business and that they should not go into activities which the private sector can do better. Moreover, economic viability is more than financial viability but also included capability to make profit and generate benefits not quantifiable in financial terms. (Bernas, The 1987 Constitution of the Philippines: A Commentary) ACADEMICS CHAIR: LESTER JAY ALAN E. FLORES II U N I V E R S I T Y O F S A N T O T O M A S VICE CHAIRS FOR ACADEMICS: KAREN JOY G. SABUGO & JOHN HENRY C. MENDOZA Facultad de Derecho Civil VICE CHAIR FOR ADMINISTRATION AND FINANCE: JEANELLE C. LEE VICE CHAIRS FOR LAY‐OUT AND DESIGN: EARL LOUIE M. MASACAYAN & THEENA C. MARTINEZ 221 UST GOLDEN NOTES 2011 h. MONOPOLIES, RESTRAINT OF TRADE AND UNFAIR COMPETITION Q: What is...
View Full Document

This document was uploaded on 03/12/2014.

Ask a homework question - tutors are online