“Although I am against the Maharlika Investment Fund for not being seasonable as major negative economic indicators currently pummel the economy, congressional wisdom and expediency are not justiciable issues before the Supreme Court. Thus, I am dousing cold water on projected petitions to challenge the constitutionality of the MIF before the High Court once it is signed into law by President Ferdinand Marcos, Jr.,” Lagman, a lawyer, added.Tañada vs. Tuvera, December 29, 1986KMU vs.
For Lagman, the remedy for the "improvident" MIF law was its amendment or repeal by the legislature, which is difficult given the composition of Congress. The House of Representatives adopted the Senate’s version of the MIF bill, making the bill ready for President Ferdinand "Bongbong" Marcos Jr.'s signature into law at any given time.
Colmenares was referring to Sections 50 and 51 which state different prescriptive periods in filing criminal cases against individuals who will be misusing the MIF , as well as the typographical error in Article 34 of the bill concerning on secondment of government financial institutions personnel to the Maharlika Investment Corporation which will manage the fund.
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