The acquisition and construction of the island resort is a joint venture between a foreign investor and a local partner and the operation of the five-star island resort will be managed by a world-renowned hotel and resort brand. The consideration for the acquisition and total project cost of the construction has not been disclosed.

The Island Resort which will be opened to the public very soon will be called Huma Island Resort and Spa (www.humaisland.com).

The Guzman Acain team was led by Managing Partner Alex Llanes Acain Jr. with assistance from other lawyers of the Firm.

For further information please contact Alex Llanes Acain Jr., Managing Partner, on Mobile +63917 500 2878 or (02) 84033478 or email alex.acain@guzmanacain.com