What is the purpose and maximum validity period for a Cease and Desist Order ex parte issued by the SEC?
The SEC may issue a cease and desist order ex parte to enjoin an act or practice which is fraudulent or can be reasonably expected to cause significant, imminent, and irreparable danger or injury to public safety or welfare (SEC. 156, Revised Corporation Code of the Philippines). The purpose of the ex parte order is to halt the harmful action immediately without prior hearing, due to the imminent threat. This temporary order shall be valid for a maximum period of twenty (20) days. The SEC retains the authority to make the order permanent after due notice and a subsequent hearing.
30 October 2025
About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
