Authorizing The Continuance Of The System Of Review By The President Of Contracts, Franchises, Permits And Other Forms Of Privileges Granted By The State, Established Under Presidential Dec

Case Overview and Summary

Presidential Decree No. 1810

Authorizing the Continuance of the System of Review by the President of Contracts, Franchises, Permits and Other Forms of Privileges Granted by the State

- Pursuant to Section 12 of Article XVII of the 1973 Constitution and other provisions, Presidential Decree No. 1677-A was promulgated on February 19, 1980 to provide for a system of review by the President of:

• All contracts, concessions, permits or other forms of privilege for the exploration, development, exploitation or utilization of natural resources. (Section 1)
• All franchises for public utilities. (Section 1)
• Foreign exchange borrowings converted into pesos, otherwise known as Central Bank rediscounting arrangements. (Section 1)
• Titles to land. (Section 1)
• Other forms of contract entered into by the government or any of its subdivisions, agencies or instrumentalities, including government-owned or controlled corporations. (Section 1)

- The President shall continue to exercise the power to review the above-mentioned contracts, concessions, permits, privileges, franchises, borrowings, titles, and other forms of contract. (Section 1)

- All provisions of Section 2 of Presidential Decree No. 1677-A shall continue in full force and effect until modified or repealed by the President. (Section 2)

- All laws, decrees, orders, rules and regulations which are in conflict or inconsistent with the provisions of this decree are hereby repealed or modified accordingly. (Section 3)

- This decree shall take effect immediately. (Section 4)