Megawide, Araneta family move to resolve contractual dispute
newscatcher
2023-04-18 12:31
Megawide, Araneta family move to resolve contractual dispute
MANILA -Tycoon Edgar Saavedra's Megawide Construction Corp. and the Araneta family's ACI Inc. are seeking arbitration over a contractual dispute involving office and commercial projects in Aranata Center, Quezon City that were built during the COVID-19 pandemic. Companies typically undergo arbitration instead of going to the courts to fast track the resolution of cases. Megawide, one of the country's biggest contractors and engineering companies, said ACI is seeking P1.53 billion over alleged violations to a Sept.

https://business.inquirer.net/396466/megawide-araneta-family-move-to-resolve-contractual-dispute

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