Cited Laws
TL;DR — Ruling
WHEREFORE, the Tribunal renders its award as follows: 1. Upon the claims in favor of [Ramcar] against [petitioners]: 1.1. Denying its prayer to declare GYC and [GYIL] in breach of the JVA and the TAAs; 1.
WHEREFORE, the Tribunal renders its award as follows: 1. Upon the claims in favor of [Ramcar] against [petitioners]: 1.1. Denying its prayer to declare GYC and [GYIL] in breach of the JVA and the TAAs; 1.2. Denying its prayer for [petitioners] to pay Damages in the amount of [PHP] 207,844,004.00 representing lost profit. Attorney's fees in the amount of not less than P1,000,000.00; and Costs of arbitration and other related expenses; 1.3. Denying its prayer that GYC and [GYIL], its successors and assigns and all other persons or entities acting for or in its behalf, to immediately and permanently desist from importing, selling and distributing into the Philippines any batteries bearing the tradename and/or trademark "GS", "Fuji" or "GS Yuasa", and any and all other batteries produced, manufactured, imported or distributed by [GYC] and [GYIL] and/or its affiliates, or any other subsidiary, affiliate, import, firm, distributor, person or entity acting in its behalf. 2. Upon the counterclaims of [GYC] against [Ramcar]: 2.1. Denying its prayer for [Ramcar] to pay GYC exemplary damages of at least [PHP] 5,000,000.00; 2.2. Denying its prayer for [Ramcar] to pay GYC attorney's fees in the amount of [PHP] 5,000,000.00, exclusive of appearance fees computed at [PHP] 4,000.00 per hour; 2.3. Denying its prayer for [Ramcar] to pay GYC costs of suit. 3. Upon [GYIL]'s counterclaims against [Ramcar]: 3.1. Denying its prayer to declare the JVA rescinded or terminated as of September 2004; 3.2. Granting its prayer to declare that the subject JVAs have already lapsed/expired; 3.3. Denying its prayer to declare [Ramcar] in substantial breach of the JVA and the TAAs; 3.4. Denying its prayer to order [Ramcar] to pay and/or reimburse [GYIL]: 3.4.1. Damages equivalent to accumulated annual royalties for four (4) years in the amount of at least [USD] 200,000.00; 3.4.2. Attorney's fees in the amount of not less than [PHP] 3,000,000.00 plus appearance fees; and 3.4.3. The costs of arbitration and other related expenses. SO ORDERED.