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JurisprudenceG.R. No. 172301 -

G.R. No. 172301 - PHILIPPINE NATIONAL CONSTRUCTION CORPORATION, VS. ASIAVEST MERCHANT BANKERS (M) BERHAD.

Cited Laws

RA 537,RA 297,RA 88,
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TL;DR — Ruling

WHEREFORE, premises considered and it appearing that plaintiff hads [sic] proved its claim by preponderance of evidence, judgment is hereby rendered in favor of plaintiff and against defendant Philippine National Construction Corporation ordering the latter to pay the plaintiff: The sum of Malaysian Ringgit M $3,915,053.54 or its equivalent in [Philippine peso at the bank rate of exchange (on the date of payment) plus legal interest from the date of demand until fully paid. The sum of P300,000.

Decision

Ruling

WHEREFORE, premises considered and it appearing that plaintiff hads [sic] proved its claim by preponderance of evidence, judgment is hereby rendered in favor of plaintiff and against defendant Philippine National Construction Corporation ordering the latter to pay the plaintiff: The sum of Malaysian Ringgit M $3,915,053.54 or its equivalent in [Philippine peso at the bank rate of exchange (on the date of payment) plus legal interest from the date of demand until fully paid. The sum of P300,000.00 as and by way of attorney's fees; and Cost of suit. SO ORDERED.