Court lifts garnishment over ABS-CBN, Sky Cable assets

  • Page Views 1934
  • ABS-CBN and Sky Cable received an ex-parte writ of attachment and notice of garnishment from the Mandaluyong Regional Trial Court on Thursday, 25 May 2017, in connection with the collection complaint of Solar Entertainment Corporation.

    ABS-CBN and Sky Cable immediately filed a motion to lift the attachment and garnishment on the morning of May 29, which the court granted on the same day.

    Thus, at this time, there is no effective attachment or garnishment over any asset of ABS-CBN or Sky Cable.

    In 2014, ABS-CBN and Solar jointly entered into a license agreement with NBA Properties Inc. Since ABS-CBN was paying 60 percent of the license fees, it considered that the same already covered the carriage fees of Sky Cable. Unfortunately, Solar disagreed. Despite the good faith attempts of ABS-CBN and Sky Cable to resolve the dispute amicably, Solar cut off the NBA feed to Sky Cable and filed this complaint.

    ABS-CBN, in a statement, said it will submit its answer with counterclaims to this complaint.

    Share

    New Posts Recently publish post More

    • 19 October 2020
      1 day ago No comment

      Government of Canada announces details for opening of 2020 Parents and Grandparents Program

      Ottawa—The Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, today announced details for the opening of the 2020 Parents and Grandparents (PGP) Program, building further on the government’s commitment to reuniting families. Over a 3-week period, from 12 p.m. EDT on October 13, 2020, to 12 ...

    • 18 October 2020
      2 days ago No comment

      Filipino candidates Mable Elmore, Cyrus Sy, Jaeden Dela Torre run in October 24 B.C. election

      Three Filipino Canadians are running for seats in the B.C. Legislative Assembly in the provincial election on October 24, 2020. They are Mable Elmore, Cyrus Sy, and Jaeden Dela Torre. Elmore is seeking a fourth term as Member of the Legislative Assembly (MLA) for Vancouver-Kensington. Elmore was first elected ...

    • 18 October 2020
      2 days ago No comment

      Advance voting for B.C. election starts October 15

      Voters in British Columbia don’t need to wait for October 24 to cast their ballot in this year’s provincial election. Advance voting starts on October 15, and runs through October 21. Voters can check on the website of Elections B.C. to find out where they can cast an advance ...

    • 08 October 2020
      2 weeks ago No comment

      B.C. NDP leader John Horgan supports creation of Filipino cultural centre in Metro Vancouver

      John Horgan, leader of the B.C. NDP is hoping to form a majority government after the October 24 election. Last September, Horgan dissolved the legislative assembly, triggering an election that ended his NDP minority government. With polls showing Horgan and the B.C. NDP leading, his gamble may pay off. ...

    • 02 October 2020
      3 weeks ago No comment

      IRCC speeding up processing for spousal applications

      Ottawa—The Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, is announcing action to speed up spousal application processing and help families build their lives together in Canada. Immigration, Refugees and Citizenship Canada (IRCC) has increased the number of decision makers on spousal applications in Canada by ...

    %d bloggers like this: