LOPEZ-LED First Philippine Electric Corp. (First Philec) and its subsidiary First Philec Solar Corp. (FPSC) have sought international arbitration to resolve their dispute with SunPower Philippines Manufacturing Ltd.
An international arbitration court in Singapore has ruled in favor of two special purpose vehicles holding National Steel Corp. debt papers that were claiming damages against a group of creditor-banks that includes the Philippine National Bank.
Malacañang said on Tuesday that the work stoppage mounted by employees of Philippine Airlines would have adverse effects on the country’s economy.
Barring any compromise agreement, another multibillion-peso infrastructure project of the country involving a foreign company is expected to go to arbitration. President Aquino has served notice of his intention to cancel the P11.8-billion contract entered into by the past administration for the construction of 72 roll-on, roll-off ports in different parts of the country. Citing [...]
