AFTER an arduous legal battle the Supreme Court has set a decision and lifted the status quo ante order involving the ownership and control of Okada Manila.
This was after the high court removed Kazuo Okada as chief executive officer of Tiger Resort, Leisure and Entertainment, Inc. (TRLEI) which operates the casino resort.
According to the resolution dated November 13, 2023, the 1st Division of the SC has denied the petition for review on certiorari that was filed by Kazuo on the decision and resolution of the Court of Appeals (CA).
Earlier the appellate court did not reverse the decision of the Regional Trial Court of Parañaque City that set the complaint of Kazuo as an election contest.
The SC had said that in insisting that his complaint was not an election contest, Kazuo said that in the theory that the same is similar to an action for reconveyance of shares of stock.
Kazuo said in his complaint that he has questioned his removal as shareholder, director, chairperson and CEO of TRLEI.
“The court is not convinced. The fact that Kazuo was also questioning his removal as a shareholder of TRLEI does not change the character of the complaint as an election contest,” the court said.