Court of Appeals allows PCSO to explain side on scuttled P4.4B deal with Aussie firm
By Benjamin B. Pulta 08/23/2011A ruling by the Court of Appeals (CA) has directed the Regional Trial Court of Makati City to allow the incumbent administration of the Philippine Charity Sweepstakes Office (PCSO) a chance to justify its decision to scuttle the P4.4 billion joint venture agreement that the past administration entered into with an Australian firm.
In a 16-page ruling penned by Associate Justice Rosmari Carandang, the CA’s Ninth Division also declared null and void the temporary restraining order (TRO) that the Makati RTC issued last April 13 in favor of TMA Australia Pty Ltd. which had a deal with the past administration to put up a first thermal coating plant in the country.
Seven summonses, together with the complaint and its annexes were served to petitioners PCSO chaired by Margarita Juico, members of the Board and the general manager through the Office of the Government Corporate Counsel (OGCC), being the principal law office of government-owned and controlled corporations (OGCC).
The CA agreed with the PCSO that while the OGCC is the principal law office of PCSO, it is not authorized to receive summons in PCSO’s behalf, as well as the members of its board and its general manager..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/metro/20110823met1.html
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