By Doris C. Dumlao
The estranged partner of Alphaland Corp. in the Alphaland Bay City (ABC) project has questioned the inclusion of the former’s stake in this venture as part of a settlement deal between the property development group led by businessman Roberto V. Ongpin and British fund Ashmore.
By the staff
Following the partition of Alphaland Corp.’s assets as a settlement of a dispute between businessman Roberto V. Ongpin (RVO) and British fund Ashmore, RVO’s nephew Eric Recto—who is now the new local partner of Ashmore in its property and banking interests in the Philippines—has expectedly quit as board member of Alphaland.
A Swiss court has ordered a Russian billionaire to pay more than $4.5 billion to his ex-wife in what could become the biggest divorce settlement in history.
By Miguel R. Camus
The government is considering entering into negotiations with German airport operator Fraport AG that could lead to the settlement of a decade-long issue—now with an international court—over the latter’s investment in the Ninoy Aquino International Airport Terminal 3.
By Greg Risling
Toyota Motor Corp. says it has reached a settlement worth more than $1 billion in a case involving unintended acceleration problems in its vehicles.