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Philippine National Oil vs. Keppel Philippines

PHILIPPINE NATIONAL OIL COMPANY AND PNOC DOCKYARD & ENGINEERING CORPORATION, PETITIONERS, VS. KEPPEL PHILIPPINES HOLDINGS, INC., RESPONDENT.

G.R. No. 202050 | 2016-07-25

Republic of the Philippines
Supreme Court
Manila
 
 
SECOND DIVISION
 
D E C I S I O N
 
BRION, J.:
 
Before the Court is a petition for review on certiorari filed under Rule 45 of the Rules of Court, appealing the decision dated 19 December 2011[1] and resolution dated 14 May 2012[2] of the Court of Appeals (CA) in CA-G.R. CV No. 86830. These assailed CA rulings affirmed in toto the decision dated 12 January 2006[3] of the Regional Trial Court (RTQ of Batangas City, Branch 84, in Civil Case No. 7364.
 
THE FACTS

The 1976 Lease Agreement and Option to Purchase

Almost 40 years ago or on 6 August 1976, the respondent Keppel...