Arnel Casanova of Bases Conversion and Development Authority (BCDA) wanted CJH DevCo to be replaced by other investors or the government will take over the management and operations of the camp? What if the arbitration committee gives their final decision to CJH Dev Co, will BCDA make another step to finally oust the present investor because it will not give positive revenues to the people of Baguio City?
If BCDA won the legal victory after all its strategies against CJH Dev Co, and before, the Court of Appeals overturned a pro-Sobrepeña decision of the Baguio Regional Trial Court in 2012, which issued an injunction against the BCDA’s move to eject the businessman. The Court of Appeals ruled that the P736-million bond posted by the Sobrepeña group for its case in the Baguio RTC, via a firm known as First Integrated Bonding and Insurance Corp., was invalid. According to BCDA, the firm was not accredited by either the Insurance Commission or the Supreme Court to conduct business with any court in the country.
It’s a sad story for CJH Dev Co that even though how hard they tried, BCDA will make another move to destabilize the situation.
The BCDA’s wanted to acquire the camp would mean chaos that could ruin the CJHDevco and Camp John Hay as a whole. Besides, BCDA has the right when the finality of Baguio RTC and Singapore court are final.
If CJH Dev Co will win for this legal battle, what will be the BCDA could do?
Before, BCDA’s playing dirty propaganda by misleading locators and shareholders when it issued a Notice to Investors claiming the CA had lifted the injunction against BCDA making it appear that CJHDevCo’s no longer in-charge of the camp. The announcement brought panic to CJH DevCo and they’ll do it again when they’re defeated for this legal proceeding.
The CJH DevCo in Baguio City has warned the Bases Conversion and Development Authority (BCDA) from forcibly taking over the area pending the resolution of their case with the Court of Appeals (CA). The warning letter to BCDA has proper declaration done by the camp developers. Any act toward this, whether verbal or physical, only shows a lack of observance and total disregard for due process and the rule of law, the consequence of which shall be harmful and prejudicial to the well-being and safety of our locators, buyers, investors and visitors in the camp.
The CJH DevCo issued a warning letter to BCDA’s Arnel Casanova that any attempt of an illegal takeover of the camp is clearly illegal and criminal. BCDA will observe and respect the legal process and restrain itself from any negative move at present. CJHDevco would defend its rights until the arbitration tribunal in Singapore has rendered a final ruling, and the Baguio RTC has decided the case with finality.
Moreover, Bases Conversion and Development Authority (BCDA) tactics couldn’t be disregard by the present management because of its huge capabilities to discredit and make the battle a winner. They won’t stop pestering CJH DevCo until it’ll give-in to BCDA’s demand.
This announcement adds to the laurels of BCDA in the eyes of the Singaporean tribunal. Which was why, the news could also conform for the argument they are clamoring about.
Even though how hard for CJH DevCo to comprehend, they should always abide by the decision of the court for finality. It’s been their right to stop BCDA’s bullying to balance the court’s decision for finality.