G.R. No. 200402 - PRIVATIZATION AND MANAGEMENT OFFICE, VS. STRATEGIC ALLIANCE DEVELOPMENT CORPORATION AND/OR PHILIPPINE ESTATE CORPORATION.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE , premises considered, judgment is hereby rendered as follows: 1) Defendant PMO is directed to issue a Notice of Award of Sale to the Dong-A Consortium, herein represented by plaintiff STRADEC, the National Governments shares of stock in the Philippine National Construction Corporation (PNCC), and the receivables of the National Government in the form of advances to PNCC, all future receivables of the National Government from PNCC and the securities related thereto, under the procedure stated in the Asset Specific Bidding Rules (ASBR) for the public auction held on October 30, 2000; 2) Defendants PMO and PNCC are directed to pay plaintiff , jointly and severally, the sum of PHP 500,000.00 as and by way of exemplary damages; and the further sum of PHP 500,000.00 as and by way of attorneys fees and costs of suit. SO ORDERED.