Eco org seeks SEC probe of firm for ‘malicious duplication’ of name | Inquirer Business

Eco org seeks SEC probe of firm for ‘malicious duplication’ of name

By: - Reporter / @KHallareINQ
/ 11:16 PM February 05, 2020

MANILA, Philippines —  Clean Air Philippines Movement, Inc. (CAPMI), an environmental organization, has asked the Securities and Exchange Commission (SEC) to investigate the registration of a company that made what it called a “malicious duplication” of its name.

In a statement released Wednesday, CAPMI, a registered SEC-corporation, said that its president, Leo O. Olarte, wrote an “urgent” letter to SEC Chairman Emilio Aquino to investigate and, if necessary, file legal action against the Clean Air Movement of the Philippines, Inc. (CAMPI).

CAPMI fears that the similarity of names brings “possible malice for the alleged intentional duplication of its duly registered corporate name.”

ADVERTISEMENT

According to CAPMI, CAMPI also has a similar acronym to another SEC-registered company, the Chamber of Automotive Manufacturers of the Philippines, Inc.

FEATURED STORIES

“[E]ven in their own statements and pronouncements the Clean Air Movement of the  Philippines, Inc. or CAMPI totally differs and even contradicts the position taken by our legitimate organization the Clean Air Philippines Movement, Incorporated or CAPMI on major issues involving transportation and our environment,” Olarte said.

“We are asking SEC chairman Emilio Benito Aquino to speedily investigate and if warranted to file the necessary legal action for the possible malicious usage and duplication of our duly registered corporate name by another organization,” the CAPMI president said.

/atm

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Campi, SEC, Securities and Exchange Commission

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.