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CA stops lower court on dev't of RP property in Tokyo


MANILA, Philippines - The Court of Appeals (CA) has enjoined the Pasay City Regional Trial Court from halting the execution of a deal that seeks to develop a 2,500-square meter state-owned property in Tokyo, Japan. In a resolution penned by Associate Justice Aliño-Hormachuelos, the second division issued a temporary restraining order against the lower court, which also issued a temporary restraining order (TRO) on the deal despite a law that "prohibits the issuance by any court, save the Supreme Court, of a TRO or preliminary injunction [on a government project]." The Nampeidai district asset was acquired from World War II reparations. The development rights were awarded to Nagayama-Taisei Consortium in 2005 to construct a ¥1.7-billion four-storey building. Consortium lead partner and Manager Masahiro Nagayama appointed Masaichi Tsuchiya as attorney-in-fact. This was recalled due to loss of trust and confidence. Mr. Nagayama later on asked the Pasay court to issue TRO when the government signed the contract with Mr. Tsuchiya, who haled the issue to the appellate court. — Ira P. Pedrasa, BusinessWorld
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