Abolition of Northern Foods Corporation

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MEMORANDUM ORDER NO. 58: Abolition of Northern Foods Corporation

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Title Source: Supreme Court: Abolition of Northern Foods Corporation

Law: Memorandum Order No. 58

Decision Date: Dec 1, 2021

The Philippine Law, Memorandum Order No. 58, directs the abolition of the Northern Foods Corporation (NFC) due to misalignment with national development policies and lack of desired outcomes, with a Technical Working Group formed to settle liabilities, liquidate assets, and implement retirement plans for NFC personnel.

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