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Chan Robles Virtual Law Library


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A collection of Philippine laws, statutes and codes
not included or cited in the main indices
of the Chan Robles Virtual Law Library

This page features the full text of
Presidential Decree No. 1807
PRESCRIBING THE PROCEDURE WHEREBY THE REPUBLIC OF THE PHILIPPINES MAY WAIVE SOVEREIGN IMMUNITY FROM SUIT AND OTHER LEGAL PROCEEDING WITH RESPECT TO ITSELF OR ITS PROPERTY IN CONNECTION WITH FOREIGN OBLIGATIONS CONTRACTED BY IT PURSUANT TO LAW.
. chan robles virtual law library


PRESIDENTIAL DECREE NO. 1807
 
 
PRESCRIBING THE PROCEDURE WHEREBY THE REPUBLIC OF THE PHILIPPINES MAY WAIVE SOVEREIGN IMMUNITY FROM SUIT AND OTHER LEGAL PROCEEDING WITH RESPECT TO ITSELF OR ITS PROPERTY IN CONNECTION WITH FOREIGN OBLIGATIONS CONTRACTED BY IT PURSUANT TO LAW.
. chan robles virtual law library
. chan robles virtual law library
WHEREAS, in the pursuit of economic growth and development, it has become imperative for the Republic of the Philippines to enter into contracts or transactions with international banking, financial and other foreign enterprises; . chanrobles virtual law library
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WHEREAS, recognizing this need, existing legislation expressly authorize the Republic of the Philippines to contract foreign obligations, including borrowings in foreign currency, and to guarantee foreign obligations of corporations and other entities owned or controlled by the Government of the Philippines; . chanrobles virtual law library

WHEREAS, circumstances in the international market may require that sovereign states entering into contracts or transactions make express waivers of sovereign immunity in connection with such contracts or transactions; . chanrobles virtual law library

WHEREAS, it is in the national interest that a procedure be prescribed with respect to the waiver of sovereign immunity of the Republic of the Philippines in respect of international contracts or transactions entered into by it:chanroblesvirtuallawlibrary

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree:chanroblesvirtuallawlibrary

Section 1. Procedure for, and Conditions of, Waiver of Sovereign Immunity. — In instances where the law expressly authorizes the Republic of the Philippines to contract or incur a foreign obligation, it may consent to be sued in connection therewith. The President of the Philippines or his duly designated representative may, in behalf of the Republic of the Philippines, contractually agree to waive any claim to sovereign immunity from suit or legal proceedings and from set-off, attachment or executive with respect to its property, and to be sued in any appropriate jurisdiction in regard to such foreign obligation.

For purposes of this decree, a foreign obligation means any direct, indirect, or contingent obligation or liability capable of pecuniary estimation and payable in a currency other than Philippine currency. . chanrobles virtual law library

Sec. 2. Validity of existing Waivers. — Nothing in this Decree shall be construed to revoke or repeal any waiver of sovereign immunity from suit or legal proceedings or from set-off, attachment or execution granted under or pursuant to other provisions of law.

Sec. 3. Effectivity. — This Decree shall take effect immediately. . chanrobles virtual law library

Done in the City of Manila, this 16th day of January in the year of Our Lord, nineteen hundred and eighty-one. . chanrobles virtual law library




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