Inquirer
MANILA, Philippines — Lopez-led First Gen Corp. said “key man” provisions in its hydro deals had been requested by Prime Infrastructure Capital Inc., not its CEO Federico “Piki” Lopez. In a statement on Thursday, the company clarified the clauses amid scrutiny linked to the ongoing Lopez family dispute over leadership changes within the group. First Gen said the change of management control (CMC) provision, which some quarters call a “poison pill,” was a standard safeguard in large energy and infrastructure contracts. READ: First Gen deal ‘poison pill’ under scrutiny The clause ties project continuity to Piki and his team, who are […]... Keep on reading: First Gen: ‘Key man’ clause in hydro deal came from Prime Infra
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