In a four-page motion filed by law firm Divina Law, which represents Peco
, the company asked the Iloilo Regional Trial Court (RTC) to recall or reconsider its Aug.
Earlier last month, the Mandaluyong RTC, through Judge Monique Ignacio, said the provisions infringed on PECO
's rights to due process and equal protection of the law.
The RTC confirms that one cannot legislate the illegal takeover of a private company lock stock and barrel in the guise of expropriation,' Peco
officials said in a statement.
The court has in essence declared certain provisions of Republic Act 11212 or the MORE Power franchise as "void and unconstitutional for infringing on PECO
's rights to due process and equal protection of the law."
offers nearly 50 years of design engineering and contract manufacturing expertise to aerospace and defense companies, producing a variety of sophisticated technical products from aircraft PSUs to environmental control components to missile parts.
Under the contract extension, Astronics PECO
will continue to provide its innovative passenger service units (PSUs), fuel tank access doors and environmental control system components, among other parts.
The company now known as PECO
began life in February 1950 as the Batala Engineering Company (BECO) by a man named CM Latif, who set up a factory to manufacture light engineering products on a sprawling 34-acre plot in the Badami Bagh area of Lahore.
The purchase marks the first acquisition made this year by PECO
III, bringing its total portfolio to six properties representing approximately 563,000 square feet.
Northwestern Mutual, one of the largest commercial real estate mortgage and equity investors in the nation, will invest in the grocery-anchored shopping centers currently owned by PECO
across three states.
Also, the assets cover 20 quality, grocery-anchored shopping centres and the company's team arranged GRP I and GRP II JVs with Northwestern Mutual as the partner, working on behalf of PECO
and Phillips Edison Grocery Center REIT III Inc (PECO
III), which is a real estate investment trust (REIT) sponsored and managed by PECO
The Rating Outlook for EXC, PECO
, and BGE has been revised to Positive from Stable.
Foods is acquiring the 185,000-square-foot warehouse formerly occupied by AmeriCold and strategically located on 37 acres near interstate and major rail corridors.