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A.C. Enterprises, Inc. Vs. Construction Industry Arbitration Commission, Et Al.

A.C. ENTERPRISES, INC., petitioner, vs. CONSTRUCTION INDUSTRY ARBITRATION COMMISSION and DEE CONSTRUCTION CORPORATION, respondents.

G.R. No. 101444 | 1995-05-09

R E S O L U T I O N


QUIASON, J:

In their Second Motion For Partial Reconsideration, private respondent insists that it is entitled to interests at the rate of 12 per annum on the monetary award given them by the Construction Industry Arbitration Commission (CIAC). It contends that under Executive Order No. 1008 dated February 4, 1985 and the Rules of Procedure Governing Construction Arbitration, arbitral awards are final and "inappealable (sic)" and pursuant to our ruling in Eastern Shipping Lines, Inc. v. Court of Appeals, 234 SCRA 78 (1994), monetary awards in all judgments that became final and executory, regardless of the nature of...