CDC asked to mediate in investors’ dispute

A SOUTH Korean investor is asking for the intervention of Clark Development Corporation (CDC) to settle its dispute with its developer.

Jong Ho Ahn, representative of Haus D, said their company invested in 22 units of residential houses at The Sharp Clark Hills tourism estate.

As a sub-lessee, Ahn said they have to secure an Approved Sub-Lease Agreements (ASLA) from CDC, but must first be endorsed by its developer.

“The problem is they do not want to endorse us to CDC. They are asking for unexplainable amount of money without issuing a receipt and we cannot do that anymore,” said Ahn.

Due to their refusal to engage in alleged dubious transactions, Ahn claimed that they are now being intimidated by their lessor.

He said they cut off the water supply at the housing units they own which have workers and families as tenants.

“They said they cut off our water supply because we do not want to process our ASLA. The most affected here are our tenants which were removed from their rights to basic utility,” Ahn said.

Lawyer Anthony Langit, legal counsel of Haus D, said his clients are willing to secure their ASLA but in the proper procedure and channel.

He asked for the CDC's intervention to mediate in the dispute among its investors which will allow them to resume with their regular business within the freeport.

He added that the issue might create ripple effects on tourism and business climate inside the freeport if it remains unsolved.

“These kinds of issues might give a negative impression on doing business inside Clark and might scare away possible investors, but if it will be settled immediately through the help of CDC, it will also give a positive feedback on the kind of management CDC has,” Langit said.