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Stronghold Insurance, Company, Inc. Vs. Tokyu Construction Company, Ltd.

STRONGHOLD INSURANCE COMPANY, INCORPORATED, Petitioner,versus TOKYU CONSTRUCTION COMPANY, LTD., Respondent.

G.R. No. 158820-21 | 2009-06-05

DECISION


NACHURA, J.:

Assailed in this Petition for Review on Certiorari under Rule 45 of the Rules of Court is the Court of Appeals (CA) Decision[1] dated January 21, 2003 and its Resolution[2] dated June 25, 2003.

The factual and procedural antecedents follow:

Respondent Tokyu Construction Company, Ltd., a member of a consortium of four (4) companies, was awarded by the Manila International Airport Authority a contract for the construction of the Ninoy Aquino International Airport (NAIA) Terminal 2 (also referred to as "the project"). On July 2, 1996, respondent entered into a Subcontract Agreement[3] with G.A. Gabriel Enterprises,...