Term of license to do business of a foreign corporation

By Kelvin Lester K. Lee

Dec 04, 2019 12:18 am

KELVIN LESTER LEE

If the Securities and Exchange Commission (SEC) grants to a foreign corporation a license to do business in the Philippines, is such license considered co-terminus with the life of a foreign corporation? In a recent SEC OGC Opinion, the commission opined in the affirmative.

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