Repealing Presidential Decree No. 1193, As Amended, And Letter Of Instructions No. 595, As Amended, And Accordingly Revoking And Cancelling The Exclusive Authority Granted In Favor Of The Tourist Duty-Free Shops, Inc.
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Repealing Presidential Decree No. 1193, As Amended, And Letter Of Instructions No. 595, As Amended, And Accordingly Revoking And Cancelling The Exclusive Authority Granted In Favor Of The Tourist Duty-Free Shops, Inc.
Executive Order No. 24
June 27, 1986
Case Overview and Summary
Repeal of Presidential Decree No. 1193 and Letter of Instructions No. 595- Revokes and cancels the exclusive authority granted to Tourist Duty-Free Shops, Inc. for 25 years to establish, operate and maintain duty and tax-free stores at international airports, seaports, selected hotels, tourist resorts and commercial centers throughout the country. (Sec. 1)
- The authority granted to Tourist Duty-Free Shops, Inc. is in the nature of a franchise subject to amendment, alteration or repeal when public interest requires it. (Preamble)
- The repeal and revocation take effect immediately. (Sec. 2)
Amends
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Amended by
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Tags
Executive Issuances
Executive Orders
Presidential Decree No. 1193
Letter of Instructions No. 595
Tourist Duty-Free Shops Inc.
duty-free stores
tax-free stores
international airports
seaports
hotels
tourist resorts
commercial centers
franchise
public interest
repeal
revocation
exclusive authority
Law
Repealing Presidential Decree No. 1193, As Amended, And Letter Of Instructions No. 595, As Amended, And Accordingly Revoking And Cancelling The Exclusive Authority Granted In Favor Of The Tourist Duty-Free Shops, Inc.
Executive Order No. 24
•June 27, 1986
EXECUTIVE ORDER NO. 24 June 27, 1986
REPEALING PRESIDENTIAL DECREE NO. 1193, AS AMENDED, AND LETTER OF INSTRUCTIONS NO. 595, AS AMENDED, AND ACCORDINGLY REVOKING AND CANCELLING THE EXCLUSIVE AUTHORITY GRANTED IN FAVOR OF THE TOURIST DUTY-FREE SHOPS, INC.
WHEREAS, Presidential Decree No. 1193, as amended, and Letter of Instructions No. 595, as amended, granted to Tourist Duty-Free Shops, Inc., among others, the exclusive authority for twenty-five (25) years, to establish, operate and maintain duty and tax-free stores at all international airports and seaports, as well as at selected hotels, tourist resorts and commercial or trading centers throughout the country;
WHEREAS, under Letter of Instructions No. 595, the authority granted in favor of the Tourist Duty-Free Shops, Inc, shall be exclusive for a period of twenty-five (25) years unless sooner revoked or cancelled by the President of the Philippines;
WHEREAS, the authority granted to Tourist Duty-Free Shops, Inc., is moreover in the nature of a franchise which is subject to amendment, alteration or repeal when the public interest so requires.
NOW, THEREFORE, I, CORAZON C....
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
Presidential Decree No. 1193
Letter of Instructions No. 595
Tourist Duty-Free Shops Inc.
duty-free stores
tax-free stores
international airports
seaports
hotels
tourist resorts
commercial centers
franchise
public interest
repeal
revocation
exclusive authority
EXECUTIVE ORDER NO. 24 June 27, 1986
REPEALING PRESIDENTIAL DECREE NO. 1193, AS AMENDED, AND LETTER OF INSTRUCTIONS NO. 595, AS AMENDED, AND ACCORDINGLY REVOKING AND CANCELLING THE EXCLUSIVE AUTHORITY GRANTED IN FAVOR OF THE TOURIST DUTY-FREE SHOPS, INC.
WHEREAS, Presidential Decree No. 1193, as amended, and Letter of Instructions No. 595, as amended, granted to Tourist Duty-Free Shops, Inc., among others, the exclusive authority for twenty-five (25) years, to establish, operate and maintain duty and tax-free stores at all international airports and seaports, as well as at selected hotels, tourist resorts and commercial or trading centers throughout the country;
WHEREAS, under Letter of Instructions No. 595, the authority granted in favor of the Tourist Duty-Free Shops, Inc, shall be exclusive for a period of twenty-five (25) years unless sooner revoked or cancelled by the President of the Philippines;
WHEREAS, the authority granted to Tourist Duty-Free Shops, Inc., is moreover in the nature of a franchise which is subject to amendment, alteration or repeal when the public interest so requires.
NOW, THEREFORE, I, CORAZON C....
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