G.R. No. 227005 - BDO UNIBANK, INC., VS. ENGR. SELWYN LAO, DOING BUSINESS UNDER THE NAME AND STYLE "SELWYN F. LAO CONSTRUCTION" AND "WING AN CONSTRUCTION AND DEVELOPMENT CORPORATION" AND INTERNATIONAL EXCHANGE BANK (NOW UNION BANK OF THE PHILIPPINES).DECISION - Supreme Court E-Library

Ruling

WHEREFORE , premises considered, judgment is hereby rendered in FAVOR of the plaintiff Engr. Selwyn F. Lao and AGAINST the defendant International Exchange Bank (now Union Bank) ordering the latter to pay the former the following: The amount of Three Hundred Thirty Six Thousand Five Hundred Pesos (P336,500.00) representing the Equitable Bank Check No. 0127-242250; The amount of Fifty Thousand Pesos (P50,000.00) representing moral damages; The amount of One Hundred Thousand Pesos (P100,000.00) representing exemplary damages; and, The amount of Fifty Thousand Pesos (P50,000.00) as attorney's fees. The Complaints against defendants Equitable Banking Corporation (now Banco de Oro) and Wu Shu Chien a.k.a. George Wu are hereby ordered DISMISSED . Costs against the defendant International and Exchange Bank (now Union Bank). SO ORDERED.