Close  

No to arbitration in China

/ 05:12 AM April 05, 2019

Presidential spokesperson Salvador Panelo says the Philippines will never default in its obligations to China. But supposing the work of the Chinese engineers on the China-funded projects is highly defective so that the Philippines refuses to pay the loan? There will then be arbitration in China. Will the Chinese arbitrators side with the Philippines? They will, of course, declare the Philippines in default.

The Philippines needs good lawyers to go over the loan agreements. The first thing they should do is to disapprove arbitration proceedings in China and insist on arbitration in a neutral country, perhaps Singapore.

ADVERTISEMENT

RENE TORRES, [email protected]

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: arbitration, China, default, loans, Panelo, Philippines
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.