By Dexter A. See | Mar. 31, 2015 at 12:01am
The Senate will look into the row between the Bases Conversion and Development Authority (BCDA) and the Sobrepeña-owned Camp John Hay Development Corporation (CJHDevCo).
Senator Francis Escudero said it would be best if the Senate could bring the officials of both organizations in one venue to talk about their issues. “Officers of BCDA and CJHDevCo talk a lot when they speak in different events,” he said.
The controversy arose from the recent decision of the Philippine Dispute Resolution Center, Inc. (PDCRI) defining the obligation of the two parties in the mutual restitution of the original and succeeding agreements covering the operation of the 247-hectare John Hay Special Economic Zone.
“We must put an end to the controversy because if we allow them to continuously discuss their concerns in public, their corporations might sink with them. They must shape up or ship out,” Escudero added.
The senator wants to know why both parties still trade barbs when the PDRCI has already rendered a final ruling on their dispute.
“They should just await the judicial confirmation of the arbitral decision before taking the necessary legal steps,” the senator said.
On February 11, the Makati-based PDCRI ordered the mutual restitution of the original lease agreement and succeeding revised agreements the two parties had entered into.
It ordered CJHDevCo to return the economic zone to the government and directed the BCDA to pay CJHDevCo P1.42 billion in lease rentals it had paid to the government since 1996.
However, BCDA’s claim of over P3.4 billion against the developer on unpaid lease rentals was junked by the arbitral tribunal for lack of merit.
Both parties filed separate petitions before the city’s Regional Trial Court (RTC) for judicial confirmation of the arbitral decision. They also asked for the issuance of the writ of execution so both parties would comply with their obligations.
Instead of complying with the arbitral order, however, both organizations have engaged in a media war.