The revocation of Rappler's certificate of incorporation by the Securities and Exchange Commission is contained in SEC Resolution 437, Series of 2017 dated 8 July 2017.
Central to the decision was whether Rappler had ceded control over the corporate policy and management of the company to a foreign party. The Philippine constitution requires mass media companies to be wholly owned by Filipinos.
Rappler was found by the SEC en banc to be in breach of the Anti-Dummy Act, the Mass Media Law, and the Foreign Investments Act.
Towards a well-informed public debate over this latest controversy involving the media outfit, the SEC's decision in its entirety is found below. The document may also be accessed on the SEC's archive of decisions for 2018 here.
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