Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 1810)
Presidential Decree No. 1810 authorizes the continuance of the system of review by the President of contracts, franchises, permits, and other forms of privileges granted by the State, as established under Presidential Decree No. 1677-A.
The review power by the President is based on Section 12 of Article XVII of the 1973 Constitution, as amended.
Contracts, concessions, permits, or other privileges for exploration, development, exploitation, or utilization of natural resources; franchises for public utilities; foreign exchange borrowings converted into pesos (Central Bank rediscounting arrangements); titles to land; construction and architectural design contracts; and other contracts entered into by the government or its subdivisions, agencies, instrumentalities, including government-owned or controlled corporations are subject to review.
The President of the Philippines exercises the power to review these contracts.
Yes, all laws, decrees, orders, rules, and regulations inconsistent or in conflict with this decree are repealed or modified accordingly.
It took effect immediately on January 16, 1981.
Yes, contracts entered into by government-owned or controlled corporations are included.
Foreign exchange borrowings converted into pesos, also known as swaps, and Central Bank rediscounting arrangements are specifically mentioned.
No, it extends beyond natural resources to include franchises for public utilities, construction and architectural design contracts, titles to land, foreign exchange borrowings converted into pesos, and other government contracts.
No, the decree continues the system of review until modified or repealed by the President.