G.R. No. 148332 - National Development Company vs. Madrigal Wan Hai Lines Corp.

National Development Company vs. Madrigal Wan Hai Lines Corp.

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Title Supreme Court: National Development Company vs. Madrigal Wan Hai Lines Corp.

Case: G.R. No. 148332

Decision Date: Sep 30, 2003

NDC privatized NSCP, sold to respondent, who later discovered undisclosed U.S. tax liabilities. Courts ruled NDC liable for reimbursement due to bad faith and breach of warranty.

national development company

vessels

tax liabilities

Long 22 min

END