Court of Appeals voids FedEx’s permit to operate in PH
FedEx’s operations should be stopped because it’s a foreign company, says the court.
Edu Punay of The Philippine Star reports that Federal Express (FedEx) will soon halt its operations in the Philippines after the Court of Appeals (CA) last week voided the permit granted to it in 2011 by the Civil Aeronautics Board (CAB).
According to the report, the fourth division of the appellate court "ruled with finality that FedEx's operations in the country violate the constitutional ban on foreign ownership of firms delivering public utility services." CA threw out the motion for reconsideration filed by FedEx and instead affirmed its decision last Jan. 23 which held that "FedEx is a foreign corporation and could not engage in public utility services such as international airfreight forwarding."
The two-page resolution, which was penned by Associate Justice Danton Bueser, declared the CAB permit granted to FedEx as being "null, void and of no further force and effect."
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