The Court of Appeals (CA) has voided a multimillion-dollar deal entered into by the Philippine government and a Japanese consortium for the development of the 2,489 square-meter Nampeidai property in Tokyo, Japan.
With the decision, the appellate court reversed the earlier ruling of the Pasay Regional Trial Court (RTC) and affirmed the validity of the government’s bid for the cancellation of the notice of award that it issued to Nagayama Taisei Consortium (NTC).
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