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XYST Corporation vs. DMC Urban Properties Development, Inc., Fe Aurora C. Castro (Intervenor)

XYST CORPORATION, Petitioner, versus DMC URBAN PROPERTIES DEVELOPMENT INC., Respondent, FE AURORA C. CASTRO, Intervenor.

G.R. No. 171968 | 2009-07-31

DECISION


QUISUMBING, J.:

Before us is a petition for review assailing the September 26, 2005 Decision[1] and the March 13, 2006 Order[2] of the Regional Trial Court (RTC) of Makati City, Branch 64 in Civil Case No. 95-063.

The facts are as follows:

DMC Urban Properties Development, Inc. and Citibank N.A. entered into an agreement whereby they agreed to take part in the construction of the Citibank Tower, an office condominium building located at Villar corner Valero Streets, Makati City. In said agreement, DMC was allocated the 18th floor of the Citibank Tower subject to the condition that DMC shall not transfer any portion of its allocated...