[ANALYSIS | Point of Law] Water contracts mess: Fiasco for the investing public

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On December 5, the Metropolitan Waterworks and Sewerage System (the “MWSS”), through its Board, revoked the extension of the concession agreements of both Maynilad Water Services Inc. (“Maynilad”) and Manila Water Company Inc. (“MWC”). The concession agreements which were extended by the MWSS though its board resolution ... via PK