It's final: Phl gov't wins NAIA-3 case in Singapore

It's final: Phl gov't wins NAIA-3 case in Singapore

With the legal controversy finally over,  it's time to move on.

"Manila International Airport Authority (MIAA) general manager Jose Angel Honrado yesterday announced that the Singapore-based International Chamber of Commerce’s (ICC) ruling in favor of the Philippine government has become final and executory....

"Piatco sued the government before the ICC in Singapore where it sought to recover at least $565 million in damages. Its foreign investor, Fraport, separately sued the Philippine government at the International Center for the Settlement of Investment Disputes (ICSID) in Washington. In August 2007, the ICSID affirmed the SC’s nullification of the concessions and rejected Fraport’s claim because of its violation of the Anti-Dummy Law.
The ICC also rejected Piatco’s claim because of illegality arising from Piatco’s violation of the Anti-Dummy Law, which requires that the operation, management and control of public utilities such as the airport should remain with Filipinos.

"With Piatco’s withdrawal, Honrado said the ICC award granting the Philippine government more than $6 million in arbitration cost has become final.

"“This final ICC ruling, coupled with payment of just compensation in the expropriation case decided in our favor by the Regional Trial Court of Pasay City, will pave the way for the full commercial operations of the NAIA Terminal 3,” [Manila International Airport Authority general manager] Honrado announced."