Extension of Privatization Committee's Term

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EXECUTIVE ORDER NO. 11: Extension of Privatization Committee's Term

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Title Supreme Court: Extension of Privatization Committee's Term

Law: Executive Order No. 11

Decision Date: Aug 10, 1992

President Fidel V. Ramos extends the term of the Committee on Privatization and the Asset Privatization Trust until December 31, 1993, allowing them to continue their duties of privatizing undisposed corporations and assets within the extended period.

committee on privatization

asset privatization trust

A

Powers, Duties, and Responsibilities During Extended Period

The COP and APT retain all powers, duties, and responsibilities originally granted under Proclamation No. 50, dated December 8, 1986, as amended.
The primary objective during the extension is to substantially complete the privatization of remaining undisposed corporations and assets.
Focus is given to 'big-ticket items' or major assets still under disposal.

Legal Provisions on Separability

If any provision or section of the Executive Order is declared unconstitutional or invalid, it does not invalidate the entire Order.
Other provisions shall remain effective provided they can be implemented independently.

Repeal and Modification Clause

All prior orders, proclamations, rules, regulations, or issuances inconsistent with this Executive Order are either repealed or modified accordingly.

Effectivity of the Order

The Executive Order takes effect immediately upon issuance on August 10, 1992.
Signed and promulgated in Manila by then-President Fidel V. Ramos and Acting Executive Secretary Peter D. Garrucho, Jr.

END