Common use of Sector Clause in Contracts

Sector. All Sectors Sub-Sector : - Industry Classification : - Level of Government : Central and Regional Type of Obligation : National Treatment Senior Management and Board of Directors Description of Measure : National Treatment and the Senior Management and Board of Directors obligations shall not apply to any measure relating to privatization programs and divestment of assets requirement5 . Source of Measure : -1987 Constitution of the Republic of the Philippines. -Omnibus Investments Code of 1987 (E.O. No. 226, as amended). -Build Operate Transfer Law (R.A. No. 7718). -Electric Power Industry Reform Act (R. A. No. 9136). -Local Government Code of 1991 (R.A. No. 7160). -Organic Act for the Autonomous Region in Muslim Mindanao (R.A. No. 6734). -Creating the Cordillera Administrative Region (E.O. No. 220). -Presidential and Administrative Issuances. ∞ 5 The divestment of assets shall be in accordance with the law of registration of the entity and other conditions as mutually agreed by the State and the foreign investors.