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FOLLOWING enactments of the Foreign Investments Act (FIA), the Public Service Act (PSA) and the Retail Trade Liberalization Act (RTLA), the Securities and Exchange Commission (SEC) now has more authority to hasten the ruling of pending cases pertaining to companies with foreign ownership. “Instituting these game-changing reforms is a step…
The Securities and Exchange Commission can now act more swiftly on pending cases pertaining to companies with foreign ownership with the signing of the amendments of the Foreign Investments Act, the Public Service Act, and the Retail Trade Liberalization Act.
The Securities and Exchange Commission (SEC) now has the power to speed up the resolution of numerous pending cases pertaining to companies with foreign ownership after the amendment of three laws. These amended laws are the Foreign Investments Act (FIA), the Public Service Act (PSA), and the Retai