Cited Laws
Accordingly and in accordance with the foregoing discussions, defendants['] remaining obligation under the subject Decision as of November 30, 2015 should be computed as follows: Computation of legal interest due on the Actual Damages Awarded in the amount of [P]28,083,790.02 from judicial demand to finality of judgment Period Covered: October 09, 2003 (date of judicial demand) - May 26, 2015 (date of finality of the decision) P28,083,790.02 x 6% x 11 years, 7 months and 17 days = P19,596,714.72 P19,596,714.72 - interest due on the actual damages from judicial demand up to finality of judgment + P28,083,790.02 - actual damages awarded (value of the Manager's checks) _____________ P47,680,504.74 - principal amount with interest due as of May 26, 2015. Computation of legal interest due on the actual damages from date of finality of judgment until November 30, 2015 Period Covered: May 26, 2015 to November 30, 2015 P47,680,504.74 x 6% x 6 months & 4 days = P1,461,766.68 P1,461,766,68 - interest due from the finality of judgment until November 30, 2015 + P47,680,504.74 - principal amount with interest due as of May 26, 2015 P49,142,271.42 - Total amount due with legal interest from October 9, 2003 to November 30, 2015. Computation of legal interest due on the Moral and Exemplary Damages Awarded in the amount of P400,000.00 each from the date of decision until its finality Period Covered. April 14, 2010 (date of Decision) to May 26, 2015 (finality of the decision]. P400,000[.00] x 6% x 5 years, 1 month and 12 days = P122,789[.00] P400,900[.00] - moral damages awarded P122,789[.00] - interest due on the moral damages from the date of the decision until its finality. ____________ P522,789[.00] - moral damages due with interest from rendition of the subject decision until finality. Computation of legal interest on moral damages from the date of finality until November 30, 2015. Period Covered: May 26, 2015 (finality of decision) to November 30, 2015 P522,789[.00]x 6% x 6 months & 7 days = P16,027.46 P522,789[.00] - moral damages due with interest from rendition of the subject decision until its finality + P16,027.46 - interest due on the moral damages awarded from finality of decision until November 30, 2015 __________ P538,816.46 - total moral damages due with interest from April 14, 2010 until November 30, 2015. The aforesaid amount is also similar to the exemplary damages due as of November 30, 2015 since both moral and exemplary damages [amount] to P400,000[.00] each. Computation of legal interest on Attorney's fees from the date the decision was rendered until its finality Period Covered: April 14, 2010 (date of the decision was rendered) to May 26, 2015 (date of finality of the decision) P700,000[.00] x 6% x 5 years, 1 month & 12 days - P214,880.84 P214.880.84 - interest due on the attorney's fees awarded from the date of the decision until its finality + P700,000[.00] - Attorney's fees awarded by the Court P914,880.84 - Attorney's fees with interes