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    Commonwealth Act No.108 - The Anti-Dummy Law - Mendoza & Pangan

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    Michael Rentoza
    The Anti-Dummy Law punishes evasion of laws requiring Philippine citizenship for certain rights, franchises, or privileges. It penalizes falsely simulating minimum capital stock requirements to evade ownership limits, and unlawfully using, exploiting, or enjoying rights meant for Philippine citizens. The law also prohibits allowing unauthorized foreign control or management over businesses meant to be majority owned and controlled by Filipinos. Violations are punishable by law.

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    Commonwealth Act No.108 - The Anti-Dummy Law - Mendoza & Pangan

    Uploaded by

    Michael Rentoza
    94 views1 page
    The Anti-Dummy Law punishes evasion of laws requiring Philippine citizenship for certain rights, franchises, or privileges. It penalizes falsely simulating minimum capital stock requirements to evade ownership limits, and unlawfully using, exploiting, or enjoying rights meant for Philippine citizens. The law also prohibits allowing unauthorized foreign control or management over businesses meant to be majority owned and controlled by Filipinos. Violations are punishable by law.

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    Commonwealth Act No.108_ the Anti-Dummy Law _ Mendoza & Pangan

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    The Anti-Dummy Law punishes evasion of laws requiring Philippine citizenship for certain rights, franchises, or privileges. It penalizes falsely simulating minimum capital stock requirements to evade ownership limits, and unlawfully using, exploiting, or enjoying rights meant for Philippine citizens. The law also prohibits allowing unauthorized foreign control or management over businesses meant to be majority owned and controlled by Filipinos. Violations are punishable by law.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    94 views1 page

    Commonwealth Act No.108 - The Anti-Dummy Law - Mendoza & Pangan

    Uploaded by

    Michael Rentoza
    The Anti-Dummy Law punishes evasion of laws requiring Philippine citizenship for certain rights, franchises, or privileges. It penalizes falsely simulating minimum capital stock requirements to evade ownership limits, and unlawfully using, exploiting, or enjoying rights meant for Philippine citizens. The law also prohibits allowing unauthorized foreign control or management over businesses meant to be majority owned and controlled by Filipinos. Violations are punishable by law.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    9/12/2018 Commonwealth Act No.

    108: The Anti-Dummy Law | Mendoza & Pangan

    FOCUSED ON
    YOU, NOT
    EVERYBODY.
    PRACTICE SERVICES RESOURCES & NEWS CONTACT 日本語

    RESOURCES & NEWS COMMONWEALTH ACT NO.108: THE ANTI-
    Corporate Law DUMMY LAW
    The Anti-Dummy Law punishes evasion of the laws on the nationalization of certain rights,
    Labor franchises or privileges. Any citizen of the Philippines or of any other speci c country who
    allows his name or citizenship to be used for the purpose of evading any constitutional or
    Litigation
    legal provisions that requires Philippine citizenship as a requisite for the exercise or
    enjoyment of a right, franchise or privilege, and any alien or foreigner pro ting thereby
    (Section 1, Commonwealth Act No. 108, as amended).

    WHAT ARE THE ACTS PENALIZED UNDER THE ANTI-DUMMY
    LAW?
    Simulation of minimum capital stock – Falsely simulating the minimum stock or
    capital requirement provided in the constitution or any other laws, which speci es
    the minimum percentage ownership of Filipinos, for the purpose of evading said
    laws.

     Unlawful use, Exploitation or enjoyment – The following acts of any person,


    corporation, or association which, having in its name or under its control, a right,
    franchise, privilege, property or business, the exercise or enjoyment of which is
    expressly reserved by the Constitution or the laws to citizens of the Philippines or
    of any other speci c country, or to corporations or associations at least 60% of the
    capital of which is owned by such citizens, are violative of the Anti-Dummy Law and
    punishable by law:

    a.
    permits or allows the use, exploitation or enjoyment thereof by a person,
    corporation or association not possessing the requisites prescribed by a the
    Constitution or the laws;

    b.
    leases, or in any other way, transfers or conveys said right, franchise, privilege,
    property or business to a person, corporation or association not otherwise
    quali ed under the Constitution, or the provisions of the existing laws;

    c.
    permits or allows any person, not possessing the quali cations required by the
    Constitution, or existing laws to acquire, use, exploit or enjoy a right, franchise,
    privilege, property or business, the exercise and enjoyment of which are
    expressly reserved by the Constitution or existing laws to citizens of the
    Philippines;

    d.
    to intervene in the management, operation, administration or control thereof,
    whether as an o cer, employee or laborer therein with or without remuneration
    except technical personnel whose employment may be speci cally authorized by
    the Secretary of Justice;

    e.
    any person who knowingly aids, assists or abets in the planning consummation

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