ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 24 - 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. AQUINO, President of the Philippines, do
hereby order:
Section 1.
Sec. 2.
DONE in the City of Manila,
this 27th day of June, in the year of Our Lord, nineteen hundred and
eighty-six.
Back to Main
chan robles virtual law library
Since 19.07.98.