Close  

Sobrepeña firm faces suit on John Hay row

Locators, lessees seen seeking recovery of investments, Sobrepeña
By: - Reporter / @amyremoINQ
/ 02:42 AM April 06, 2015

LOCATORS WITHIN the Camp John Hay are poised to file a class suit against the Sobrepeña-led Camp John Hay Development Corp. (CJHDevCo) to recover their investments in the former US military base, according to the state-run Bases Conversion and Development Authority (BCDA).

In a statement, BCDA president and CEO Arnel Paciano D. Casanova said this followed the continued refusal of CJHDevCo to reimburse the sub-lessees for the unused portion of their contracts.

ADVERTISEMENT

Casanova also pointed out that CJHDevCo could have sold “in bad faith” 50-year straight leases to its sub-lessees when what was allowed by law was only a 25-year lease, which could be renewed for another 25 years. Article XIII, Section 3 of the 1987 Constitution does not provide a 50-year straight lease.

“There is also such a thing as seller in bad faith. Did the Sobrepeña-led CJHDevCo sell the 50-year leasehold rights in bad faith?” Casanova asked.

FEATURED STORIES

BCDA head for legal services Peter Paul Andrew T. Flores had clarified that sub-lessees should go after CJHDevCo and demand reparation of damages.

CJHDevCo, Flores further alleged, has been misleading the sub-lessees by telling them that the BCDA was aware of their contracts and should be the agency to honor their contracts.

The fact that CJHDevCo has concealed the contracts of the sub-lessees and sub-locators to John Hay Management Corp. and BCDA made the Sobrepeña firm liable to the sub-lessees and sub-locators.

Casanova earlier urged the lessees and locators to lay their rightful claim to the P1.42 billion that CJHDevCo would be receiving from the agency by virtue of a decision issued by Philippine Dispute Resolution Center Inc. (PDRCI). The amount represented the lease payments of CJHDevCo to BCDA.

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Bases Conversion and Development Authority, Business, Camp John Hay, economy, News
For feedback, complaints, or inquiries, contact us.
entertainment

Louise’s ‘dry run’ for marriage

December 13, 2019 12:30 AM

opinion

Katutubo

December 13, 2019 12:30 AM

entertainment

When movie queens meet

December 13, 2019 12:25 AM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.