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Arbitration as a Tool for Financial Rehabilitation | Asian Legal Business

Under Republic Act No. 10142, known as the Financial Rehabilitation and Insolvency Act of 2010 (“FRIA”), and the Financial Rehabilitation Rules of Procedure (A.M. No. 12-12-11-SC) (“FRIA Rules”), corporations undergoing financial rehabilitation are able to consolidate disputes pending before other courts and quasi-judicial offices to one court – the rehabilitation court. This is because of Section 17(e) (Effects of Commencement Order) of FRIA and Section 9(E), Rule 2 of the FRIA Rules allowing the consolidation of all legal proceedings by and against the debtor to the rehabilitation court.

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