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Ake Hernudd, et al vs. Lars E. Lofgren, et al

AKE HERNUDD, GOSTA JANSBO, HANS BRYNGELSSON, PETER LOFGREN and JORDANA HOLDINGS CORPORATION, for itself and on behalf of San Remo Development Corp., Inc., Petitioners, versus LARS E. LOFGREN, LIZA SALCEDO-LOFGREN, LEOSYL SALCEDO and SAN REMO DEVELOPMENT CORP., INC., Respondents.

G.R. No. 140337 | 2007-09-27

DECISION
 

SANDOVAL-GUTIERREZ, J.:

Assailed in the instant Petition for Review on Certiorari under Rule 45 of the 1997 Rules of Civil Procedure, as amended, are the Decision dated July 28, 1999 and Resolution dated October 11, 1999 of the Court of Appeals in CA-G.R. SP No. 49246.

Ake Hernudd, Gosta Jansbo, Hans Bryngelsson and Peter Lofgren, petitioners, are a group of Swedish nationals who formed an unincorporated association in Stockholm, Sweden, known as the Swedish Investors Group (SIG) for the purpose of collectively investing their resources in the Philippines. San Remo Development Corporation, Inc. (SRDC), respondent, is a...