Ayala may seek TRO on SM project after Pasay rejects extension
MANILA, Philippines - Ayala Land said it may ask a court to stop Pasay City from awarding a 300-hectare, P54 billion reclamation project to the SM Group on Monday, saying it wasn't given enough time to produce a counter-proposal.
Ayala Land said it was exploring all options after Pasay today rejected its request for a 60-day extension on Monday's deadline.
"We are exploring all options including asking for reconsideration and going to court," Ayala Land chief operating officer Bobby Dy said.
Ayala will only have today and Monday morning to get a TRO because tomorrow (November 1) is a holiday.
In a letter Ayala Land said it got from Pasay City, the city said a Department of Interior and Local Government legal opinion gives local governments the right to set their own rules and that it chose to follow NEDA rules on joint ventures.
"DILG legal opinion 47, S2012 recognizes the discretion of the LGU to implement JV projects pursuant to its own determination of the appropriate rules. Following the DILG opinion, we adhered to the NEDA JV guidelines," Pasay City said.
Pasay also answered questions Ayala raised regarding the price of the bid documents and bidder qualifications.
Reached via email, the chief of staff of mayor Antonino Calixto couldn't confirm the letter came from the city.
SM Land, Inc. said it has no comment.
It could be the fourth time in recent years that Ayala and SM have faced off. They fought over a Bacolod government property.
They are in the midst of an impasse over buying or buying into the Ortigas family property business.
And some observers believe Ayala is backing the Bases Conversion and Development Authority in its fight against Aura, SM's mall in Bonifacio Global City, most of which Ayala developed. Ayala and BCDA have denied that allegation.