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Diesel Construction Co Inc Vs. UPSI Property Holdings Inc.

DIESEL CONSTRUCTION CO., INC., Petitioner, versus UPSI PROPERTY HOLDINGS, INC., Respondent.

G.R. No. 154885 | 2008-03-24

D E C I S I O N


VELASCO, JR., J.:

The Case

Before the Court are these petitions for review under Rule 45 separately interposed by Diesel Construction Co., Inc. (Diesel) and UPSI Property Holdings, Inc. (UPSI) to set aside the Decision[1] dated April 16, 2002 as partly modified in a Resolution[2] of August 21, 2002, both rendered by the Court of Appeals (CA) in CA-G.R. SP No. 68340, entitled UPSI Property Holdings, Inc. v. Diesel Construction Co., Inc., and FGU Insurance Corporation. The CA Decision modified the Decision dated December 14, 2001 of the Arbitral Tribunal of the Construction Industry Arbitration Commission (CIAC) in CIAC...