Professional Documents
Culture Documents
Asian Construction and Development Corporation v. Sannaedle Co., Ltd.
Asian Construction and Development Corporation v. Sannaedle Co., Ltd.
Asian Construction and Development Corporation v. Sannaedle Co., Ltd.
$>upreme QCourt
JManila
THIRD DIVISION
o
ASIAN
CONSTRUCTION
AND
DEVELOPMENT CORPORATION,
Petitioner,
Present:
- versus -
Promulgated:
SANNAEDLE CO., LTD.,
Respondent.
~~
x---------------------------------------------------------:::0:--------------------------x
DECISION
PERALTA, J.:
Decision
-2-
xxx
xxx
2. Phase I Contract
While we recognize being obligated to this amount, we do
not have at the moment the capability to pay it. This is
because our financial position has been severely affected by
the freezing of the government of all our collectibles on
4
5
Id. at 79-88.
Id. at 100-103.
Decision
-3-
xxx
xxx
xxx
xxx
6
7
8
Id. at 100-101.
Id. at 103.
Id. at 113.
Decision
-4-
SO ORDERED.9
Decision
-5-
Decision
-6-
18
-7-
Decision
WE CONCUR:
Decision
-8-
JOSEC
END OZA
Associate Justice
ATTESTATION
I attest that the conclusions in the above Decision had been reached in
consultation before the case was assigned to the writer of the opi n of the
Court's Division.
CERTIFICATION