TL;DR — Ruling
WHEREFORE, the Court renders judgment ORDERING defendant Western Guaranty Corporation to pay plaintiff Subic Bay Distribution, Inc. the following amounts: Php8,500,000.00 plus annual legal interest of six percent from July 12, 2002 until full payment; Ten percent of the total amount due as attorney's fees; and Cost of suit. The Court dismisses defendant's counterclaim for lack of merit.
WHEREFORE, the Court renders judgment ORDERING defendant Western Guaranty Corporation to pay plaintiff Subic Bay Distribution, Inc. the following amounts: Php8,500,000.00 plus annual legal interest of six percent from July 12, 2002 until full payment; Ten percent of the total amount due as attorney's fees; and Cost of suit. The Court dismisses defendant's counterclaim for lack of merit. SO ORDERED.
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