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JurisprudenceG.R. No. 244407 -

G.R. No. 244407 - UCPB GENERAL, INSURANCE CO., INC., VS. ASGARD CORRUGATED BOX MANUFACTURING CORPORATION.D E C I S I O N - Supreme Court E-Library

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TL;DR — Ruling

WHEREFORE , premises considered, judgment is hereby rendered in favor of the plaintiff, ordering the defendant to pay the plaintiff: 1. One Hundred Forty-Seven Million Pesos (Php147,000,000.00) as actual damages, with legal interest at the rate of six percent (6%) per annum from date of demand on May 11, 2011; 2. Exemplary damages in the amount of Five Hundred Thousand Pesos (Php500,000.

Decision

Ruling

WHEREFORE , premises considered, judgment is hereby rendered in favor of the plaintiff, ordering the defendant to pay the plaintiff: 1. One Hundred Forty-Seven Million Pesos (Php147,000,000.00) as actual damages, with legal interest at the rate of six percent (6%) per annum from date of demand on May 11, 2011; 2. Exemplary damages in the amount of Five Hundred Thousand Pesos (Php500,000.00); 3. Attorney's fees in the amount of Four Hundred Thousand Pesos (Php400,000.00); and 4. Defendant to pay the costs of suit. SO ORDERED.