MANILA, Philippines – Justice Secretary Menardo Guevarra on Tuesday said that water concessionaires have already waived the arbitral award and terminated all proceedings against the Philippine government.
Guevarra said the concessionaires had signed the waiver “simultaneously with the execution of the revised MWSS-Manila Water concession agreement.”
The DOJ chief said, “the revised concession agreement between the MWSS (Metropolitan Waterworks and Sewerage System) and Maynilad Water Services Inc. contains essentially the same terms as those in the recently signed revised concession agreement between the MWSS and Manila Water Company.”
He said the onerous provisions, like the…
Keep on reading: It’s over! Water concessionaires rescind arbitration awards, end legal actions vs gov’t