Emeterio Sd. Perez
THE legal battle between government-owned Land Bank of the Philippines (LBP) and Victorias Milling Co. Inc. (VMC) is worth watching. Any decision reached by the courts will affect other depressed companies that are under rehabilitation. Should LBP succeed in collecting P409.814 million from VMC, it could use the court decision in its participation in other bankrupt companies being managed by rehabilitation receivers.