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National Economic Protectionism Association et al. vs. Ongpin

NATIONAL ECONOMIC PROTECTIONISM ASSOCIATION, ELIZALDE D. DIAZ, JULIO LOGARTA, JR., ENRIQUE ANGELES, ALFREDO DE LEON AND GEORGE SIBAL, petitioners, vs. THE HONORABLE ROBERTO V. ONGPIN, in his capacity as Minister of Trade and Industry and Chairman of the Board of Investments, and the HONORABLE GREGORIO G. MENDOZA, in his capacity as Treasurer of the Philippines, respondents.

G.R. No. 67752 | 1989-04-10

D E C I S I O N


PARAS, J.:

This is a petition for prohibition with preliminary injunction praying that: (a) Presidential Decree No. 1789 otherwise known as the "Omnibus Investment Code," dated January 16, 1981, the 1981 Investment Priorities Plan and Executive Order No. 676 which approved the said plan dated April 10, 1981; and (b) Presidential Decree No. 1892 which allowed an increase in foreign equity participation in preferred areas of investment effective for one (1) year dated December 4, 1983, all be declared unconstitutional.

As gathered from the records, the factual background of this case, is as follows:

On January 16, 1981 or one day...