TIGER Resort Asia Ltd. hailed the Philippine Supreme Court for its swift action on the urgent plea of Tiger Resort Leisure and Entertainment Inc. to direct the group of Kazuo Okada to refrain from exercising management and board functions and surrender the physical possession of Okada Manila.
“We laud the honorable Supreme Court for treating this matter urgently and acting swiftly on the motion filed. The violent and forceful takeover of Okada Manila as well as the election of an illegally constituted board to manage it is a perversion of the High Court’s order and has only brought confusion and uncertainty to the future of Okada Manila, an over US$3 billion investment in the Philippines,” Divina Law Senior Partner Atty. Estrella Elamparo said.
Kazuo Okada was removed from TRLEI in 2017 by UEC and TRAL for alleged acts of misconduct. The Japanese Supreme Court has since ruled with finality that the ultimate parent company, Okada Holdings Ltd., is majority owned and controlled by Tomohiro Okada, and not Kazuo Okada.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mitra leaves legacy of fairness at GAB | BusinessMirrorGAMES and Amusements Board (GAB) chairman Abraham “Baham” Mitra only has one bit of advice to whoever succeeds him at the helm of the government agency regulating professional sports in the country. “No bias,” Mitra told Tuesday’s online Philippine Sportswriters Association (PSA) Forum. Mitra, a former three-term congressman and governor…
Source: BusinessMirror - 🏆 19. / 59 Read more »
DOST-Science for Change Program wins 2022 UN Public Service Awards | BusinessMirrorThe Science for Change Program (S4CP) of the Department of Science and Technology (DOST) won in the 2022 United Nations Public Service Awards (UNPSA). During the UN Public Service Day on June 22, the United Nations recognized the contribution of the Science for Change Program in “Enhancing the effectiveness of…
Source: BusinessMirror - 🏆 19. / 59 Read more »
PXP Energy pursues other oil, gas exploration projects | Lenie LecturaPXP Energy Corp. is pursuing other projects after exploration activities for petroleum service contracts (SC)—SC 72 and SC 75 blocks in the West Philippine Sea—were suspended. PXP is the operator under Service Contract (SC) 75 and Forum Ltd. is the operator under SC 72. PXP President Daniel Stephen Carlos said…
Source: BusinessMirror - 🏆 19. / 59 Read more »
US Senate poised to move forward on first significant gun legislation in decadesSenate Majority Leader Chuck Schumer pledged to move forward on this gun legislation as soon as possible, with an expected motion to proceed.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
COA lauds Mandaluyong LGU for highest audit markThe Mandaluyong City local government on Monday, June 20, was duly recognized by the Commission on Audit (COA) after it recorded the highest audit mark in the year 2021.
Source: manilabulletin - 🏆 25. / 51 Read more »
SC decision on Mary Jane Veloso’s deposition good news, says lawyer'Offhand, that is good on its face because there is more latitude as to the specifics of the actual process and for adjustments on both sides,' says Veloso’s counsel Edre Olalia. Good only as a stall tactic. Even if she is cleared of human trafficking it won't change the drug conviction. All this effort for her but drug suspects in the Philippines are simply shot in the streets.
Source: rapplerdotcom - 🏆 4. / 86 Read more »