THE tug-of-war between government and the private sector continues Camp John Hay in Baguio is still caught
in that war.
Chairman and
chief executive officer Robert John Sobrepeña said CJHDevCo expected to
subsequently receive the 247-hectare property, clean and free to commence
development, together with the necessary Environment Compliance Certificate
(ECC).
However,
a dispute arose after the BCDA failed to handover “clean” possession of 32
hectares of the most suitable area for development of the 247-hectare leased
property.Despite the BCDA breaches, CJHDevCo paid another P425 million in lease
payment in 1997.
Camp John Hay
Development Corp. (CJHDevco) executive vice president Alfredo Yñiguez said the Bases Conversion and Development
Authority, (BCDA ) has been misleading
locators and shareholders when it issued a Notice to Investors on Nov. 1,
claiming the CA had lifted the injunction against BCDA, making it appear the
private developers are no longer in charge.
When in fact
the writ of preliminary injunction issued by the Baguio regional trial court
(RTC) against the BCDA remains in effect while the decision of the CA is not
yet final. It is a fact that the arbitration case in Singapore has not yet been
settled
The Court of
Appeals had asked both parties to submit themselves to the arbitration
tribunal.
It
is expected that BCDA will observe and respect the legal process and restrain
itself from any attempt of an illegal takeover of Camp John Hay. Any such attempt is
clearly illegal and criminal, in a letter to BCDA president Arnel Casanova last
Nov. 7. By Mr Yñiguez
There is a material breach by the government, through BCDA, of its
contract with CJH Development Corporation. This is a similar case with other
contracts entered into by government wherein during the existence of the
contract, they unilaterally decide to make changes or abrogate certain
provisions even if it was already consummated.
, Camp John Hay
Development Corp., Robert John Sobrepeña,
No comments:
Post a Comment