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Licomcen Incorporated vs. Foundation Specialists, Inc.

LICOMCEN INCORPORATED, Petitioner, versus FOUNDATION SPECIALISTS, INC., Respondent.

G.R. No. 167022 | 2007-08-31

DECISION

NACHURA, J.:

For review in these consolidated petitions is the November 23, 2004 Decision[1] of the Court of Appeals (CA) in CA-G.R. SP. No. 78218, as well as the Resolutions dated February 4, 2005[2] and September 13, 2005,[3] denying the motions for its reconsideration.

Liberty Commercial Center, Inc. (LICOMCEN) is a corporation engaged in the business of operating shopping malls. In March 1997, the City Government of Legaspi leased its lot in the Central District of Legaspi to LICOMCEN. The Lease Contract was based on the Build-Operate-Transfer Scheme under which LICOMCEN will finance, develop and construct the LCC City Mall...