FDX Denied in the PI
#1
FDX Denied in the PI
Hey Asia/Pacific experts...
Is this new news or old news?
..and how will it affect our Asia/Pacific system form and overall operations??
http://manilastandardtoday.com/2013/07/22/fedex-plea-to-stay-denied/
The courts Fourth Division denied the companys appeal to reverse its Jan. 23 decision declaring FedEx is a foreign corporation and hence could not engage in international airfreight forwarding.
The court denied FedEx's appeal on June 6 but released its decision to reporters only last week.
We hereby declare respondent Federal Express Pacific Inc. a foreign corporation disqualified in our country from operating as an International Airfreight Forwarde, which is clearly a public utility, the appellate court had said in its Jan. 23 decision.
The court said the Constitution clearly states that the operation of a public utility may only be granted to Filipino citizens or Filipino corporations
In ruling against FedEx, the court declared as null, void and of no further force and effect the May 2, 2011 resolution of the Civil Aeronautics Board granting Federal Express Pacific Inc. a regular permit to operate international airfreight forwarding business.
The case against FedEx arose after Merit Freight International Inc. and Ace Logistics Inc. questioned the CABs decision granting FedEx a regular permit to operate international airfreight forwarding business in the Philippines.
Merit argued that international airfreight forwarding is a public utility reserved for qualified Filipino individuals and corporations as embodied in the 1987 Constitution.
Ace Logistics said the CAB committed an error in giving FedEx a permit to operate in the Philippines when it is a 100-percent foreign-owned and foreign-based corporation.
Is this new news or old news?
..and how will it affect our Asia/Pacific system form and overall operations??
http://manilastandardtoday.com/2013/07/22/fedex-plea-to-stay-denied/
The courts Fourth Division denied the companys appeal to reverse its Jan. 23 decision declaring FedEx is a foreign corporation and hence could not engage in international airfreight forwarding.
The court denied FedEx's appeal on June 6 but released its decision to reporters only last week.
We hereby declare respondent Federal Express Pacific Inc. a foreign corporation disqualified in our country from operating as an International Airfreight Forwarde, which is clearly a public utility, the appellate court had said in its Jan. 23 decision.
The court said the Constitution clearly states that the operation of a public utility may only be granted to Filipino citizens or Filipino corporations
In ruling against FedEx, the court declared as null, void and of no further force and effect the May 2, 2011 resolution of the Civil Aeronautics Board granting Federal Express Pacific Inc. a regular permit to operate international airfreight forwarding business.
The case against FedEx arose after Merit Freight International Inc. and Ace Logistics Inc. questioned the CABs decision granting FedEx a regular permit to operate international airfreight forwarding business in the Philippines.
Merit argued that international airfreight forwarding is a public utility reserved for qualified Filipino individuals and corporations as embodied in the 1987 Constitution.
Ace Logistics said the CAB committed an error in giving FedEx a permit to operate in the Philippines when it is a 100-percent foreign-owned and foreign-based corporation.
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