Cited Laws
TL;DR — Ruling
WHEREFORE, judgment is hereby rendered in favor of plaintiff and against defendant and third-party plaintiff, Rizal Commercial Banking Corporation, ordering the latter to pay plaintiff the following sums: 1) US$100,000.00, or its equivalent according to Central Bank rate at the time payment is actually made with interest thereon at 12% per annum from June 26, 1987, when the complaint was filed, until fully paid; 2) P30,000.00 as moral damages; 3) P20,000.
WHEREFORE, judgment is hereby rendered in favor of plaintiff and against defendant and third-party plaintiff, Rizal Commercial Banking Corporation, ordering the latter to pay plaintiff the following sums: 1) US$100,000.00, or its equivalent according to Central Bank rate at the time payment is actually made with interest thereon at 12% per annum from June 26, 1987, when the complaint was filed, until fully paid; 2) P30,000.00 as moral damages; 3) P20,000.00 as exemplary damages; and 4) 20% of the total amount due to the plaintiff as attorney's fees and litigation expenses, all three foregoing items with interest at 12% per annum from date hereof. The defendant bank's counterclaims and third-party complaint are dismissed. The third-party defendants' counterclaims are likewise dismissed. Costs against defendant. SO ORDERED.
G.R. No. 236419 - UNION BANK PHILIPPINES OF THE PHILIPPINES, VS. SY LIAN TENG, EMERENCIANA SYLIANTENG, ROBERTO SYLIANTENG, LORRAINE SYLIANTENG, CESAR SYLIANTENG, CLARITA TANG, ROBERTO TANG,* MARGARET TANG, PATRICK TANG, FREDERICK TANG, GLORIA LIM, ALBERT TANG, AND HELEN TANG.D E C I S I O N - Suprem
G.R. No. 236419 -
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CaseG.R. No. 114776 (Formerly UDK-11545) - MENANDRO B. LAUREANO, VS. COURT OF APPEALS AND SINGAPORE AIRLINES LIMITED.D E C I S I O N - Supreme Court E-Library
G.R. No. 114776