MANILA, Philippines – In a historic ruling, the Supreme Court voided the tripartite agreement for the Joint Marine Seismic Undertaking among Filipino, Chinese, and Vietnamese oil firms.
Nevertheless, the High Court’s ruling set legal limitations for joint exploration of the country’s oil resources. How so?Only as service contractor Meanwhile, a service contract means that if President Ferdinand Marcos Jr. wants to pursue the joint exploration with China or other countries, the state shall do a “direct undertaking,” the retired SC senior associate justice said.
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