Palace gives Gloria pat on back for NAIA 3 victory By Aytch S. de la Cruz 08/01/2010

Palace gives Gloria pat on back for NAIA 3 victory

By Aytch S. de la Cruz 08/01/2010 The Palace reported yesterday that the government has won its arbitration case at the International Chamber of Commerce (ICC) based in Singapore against the Philippine International Air Terminals Corp. (Piatco) consortium that built the Ninoy Aquino International Airport Terminal 3 (NAIA 3) that stemmed from President Arroyo’s order to expropriate the $600-million project over supposed irregularities. The case had resulted in a crack in diplomatic relations between the Philippines and Germany as an offshoot of a demand for compensation of the German airport developer Fraport AG which is the foreign partner of Piatco in the project. When asked if this particular triumph by the government should be credited to former President Arroyo who conceived of such project, Lacierda had this to say: “Well, it started with them and I suppose they made a successful effort to defend the country from paying such a  huge burden. I think credit should be given to the lawyers who handled it. The international law firm that was retained by the Philippine government did a very good job and they should be credited for that.” The Philippine government was reportedly represented by retired Supreme Court (SC) Justice Florentino Feliciano and SC nominee Atty. Maria Lourdes Sereno in this arbitration case against Piatco.... MORE Source:  The Daily Tribune URL: http://www.tribuneonline.org/headlines/20100801hed4.html

HEADLINES Noy says criticisms welcome as media rap ComGroup bias Opposition quizzes legality of Noy’s EO on truth body Noynoy: No need to step out of parents’ shadows Palace gives Gloria pat on back for NAIA 3 victory Pilot exodus disrupts PAL flights DoJ chief vows intensified drive vs human trafficking