Lopez family never lost ownership of ABS-CBN Network
“Hindi po nawalay ang pag-aari ng Lopez family sa ABS-CBN at mga broadcast facilities and equipment even from the time when Martial Law was declared until today,” said Atty. Arecio Rendor, Jr. at the legislative hearing on the franchise application of ABS-CBN today (June 15). “Isang patunay ay ang titulo na na-issue sa ABS-CBN noong 1967. Kahit po shares of stocks nung nagsimula po ang ABS-CBN when it was incorporated, ay hindi po nawalay sa mga stockholders nito. What was taken from ABS-CBN was the mere possession of all its real estate and broadcast equipment,” he said. Rendor, who was involved in the arbitration case of ABS-CBN to recover its properties, added that the return of real estate and broadcast facilities after the EDSA Revolution to the Lopezes underwent due process. The process, he said, began when then ABS-CBN lawyer Lorenzo Tanada wrote to then President Cory Aquino on April 17, 1986 to return possession of properties to ABS-CBN since the country was no longer in crisis. “This paved the way for the execution of the agreement to arbitrate on January 6, 1987,” he said. Rendor further discussed the arbitration between ABS-CBN and the government, including the Supreme Court decision in October 16, 1989 upholding the agreement between the Cory administration and ABS-CBN for the return of the properties. He said the process continued until the time of former President Fidel Ramos, when Branch 65 of Makati Regional Trial Court on June 23, 1995 upheld the decision of the arbitration board. “Two administrations gave imprimatur for the return of the possession of ABS-CBN of its real estate, properties, and broadcast equipment. And even the Supreme Court won validating the agreement to arbitrate and another one for the factual circumstances lends constitutionality to the return,” Rendor said.