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TRO against Carbon Market JVA denied

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CEBU CITY, Philippines -- A Cebu City Court has dismissed a petition for a Temporary Restraining Order (TRO) against the Joint Venture Agreement (JVA) between the Cebu City government and Megawide

An artist’s rendition of the modernized Carbon Market

The judge ruled that the complainants do not possess the right that needs to be protected from the questioned JVA. The judge also said there is no grave and irreparable injuries to be prevented as the court is not convinced of the claims of the complainants on the loss of livelihood and mental being, owing to the fact that their authority to represent all vendors and others of the Carbon Market has come into question.

CDN Digital has sought the comment of Carbon Alliance on the denial of the TRO, but the group has yet to respond as of the time of writing.

 

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