Thu. Jun 20th, 2019

Appellate Court rules Koror State Legislature has standing to sue KSPLA reversing Trial Court decision

By: L.N. Reklai

August 7, 2017 (Koror, Palau) Palau Appellate Court reversed Trial Court’s decision in a civil appeal case ruling that said Koror State Legislature had no standing to sue Koror State Public Land Authority (KSPLA), Koror Planning Commission (KPC) and Palau Sea Ventures Inc. (PSV) for leasing two lots at Fisheries area to private company that were reserved for public use by law. [restrict]

Koror State Legislature brought a suit against KSPLA, KPC and PSV when KSPLA leased one lots at Fisheries area to Palau Sea Ventures and KPC approved PSV’s permit to construct a fence and a parking lot. The suit claimed that the issuance of lease and building permit were invalid because they violate “Public Benefit Law”.

Trial Court ruled that Koror State Legislature had no standing to sue because “it could not demonstrate injury in fact”. It added that “constitutional standing to sue requires that plaintiff show three elements including “injury in fact”.

KSPLA and PSV argued the court had no jurisdiction over the claims because KSL cannot show that it will be “injured”.

KSL argued that it has been injured when “its powers to regulate land use has been nullified by defendants actions”.

Appellate Court essentially ruled that the standard applied by Trial Court to determine that KSL has no standing is based erroneously on U.S. Constitution which is very different from Palau Constitution in how it defines the court jurisdiction.

Palau Constitution Article X, Section 5 defines judicial powers to “extend to all matters of law and equity”. U.S. Constitution Article III, Section limits jurisdiction of its federal courts to “cases and controversies” and this is where the requirement for requiring “injury” comes from according to decision.

Appellate Court added that since Gibbons v. ROP case, courts decisions have moved away from the “very liberal approach” of the “extremely broad language of the Palau Constitution” and replaced by “formal requirements” taken from U.S. case law.

Appellate Court also overrule portions of any prior cases that state that court jurisdiction is limited to only those plaintiffs that can demonstrate injury, causality and redressability.

The decision affirmed that KSL’s claims fall within the constitutional jurisdiction of the courts and KSL has standing to sue. On other claims made by KSL, the Appellate Court did not address as they were not presented to this court.    [/restrict]



ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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