ACCRALAW as Counsel for the House of Investments’ Participation in the Sangley Point Airport Project

On 6 February 2023, the Province of Cavite signed a Joint Venture Development Agreement for the development of the Sangley Point International Airport (SPIA) with the SPIA Development Consortium. The said consortium consists of the Yuchengco Group’s House of Investments, Inc. and Cavitex Holdings, Inc. as equity members, as well as MacroAsia Corporation, Samsung C&T Corporation, Munich Airport International GmbH, and Ove Arup & Partners Hong Kong Limited as nominated contractors to assist in aviation-related support; engineering, procurement, and construction; airport management and operations and airline marketing; and master planning, design, and engineering, respectively.

The SPIA Project is a priority infrastructure development and major capital investment of the Province of Cavite and is one of the flagship infrastructure projects of the country.

ACCRALAW acted as counsel for House of Investments and the team was led by Senior Legal Counsel Francisco Ed. Lim and Partner Elaine Patricia S. Reyes-Rodolfo. They were assisted by Senior Associate James Patrick O. Alojado and Associates Justine A. Navarro and Emma Rose R. Tomaneng.

The JVDA takes effect upon its signing, subject to securing pertinent regulatory approvals, including that of the Philippine Competition Commission.

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