Philippine Asian News Today Vol 19 No 10 | Page 34

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PHILIPPINE ASIAN NEWS TODAY May 16 - 31, 2017
Court lifts garnishment
over ABS-CBN,
Sky Cable assets
ABS-CBN and Sky Cable re-
ceived an ex-parte writ of attach-
ment and notice of garnishment
from the Mandaluyong Regional
Trial Court on Thursday, 25 May
2017, in connection with the col-
lection complaint of Solar Enter-
tainment Corporation.
ABS-CBN and Sky Cable im-
mediately filed a motion to lift the
attachment and garnishment on
the morning of May 29, which the
court granted on the same day. 
 Thus, at this time, there is no
effective attachment or garnish-
ment over any asset of ABS-CBN
or Sky Cable. 
 In 2014, ABS-CBN and Solar
jointly entered into a license agree-
ment with NBA Properties Inc. Since
ABS-CBN was paying 60 percent
of the license fees, it considered
that the same already covered the
carriage fees of Sky Cable. Unfor-
tunately, Solar disagreed. Despite
the good faith attempts of ABS-
CBN and Sky Cable to resolve the
dispute amicably, Solar cut off the
NBA feed to Sky Cable and filed this
complaint.  
ABS-CBN, in a statement, said
it will submit its answer with coun-
terclaims to this complaint.●
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