Petition to stop Carbon Market project denied anew

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

SunStar Publishing Inc.

The Cebu City Regional Trial Court has denied anew the petition of former mayor Tomas Osmeña to restrain the development of the Carbon Market through a joint venture agreement to avoid a premature decision. In the order dated July 10, 2024, RTC Branch 58 Judge Ma. Lynna Adviento said that granting Osmeña’s petition would be prejudging the case.The judge said in the order that it is evident that injunction is one of the main reliefs prayed by the former mayor, adding, “...

On the other hand, an injunction is a preservative remedy aimed at protecting substantive rights and interests. The writ of preliminary injunction is issued by the court to prevent threatened or continuous studied and adjudicated. Its sole objective is to preserve the status quo until merits of the case can be heard fully, the judge said.In Osmeña’s petition, he is seeking that the JVA entered into between respondent Megawide Construction Corp.

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين