G.R. No. 254764 - Playinn, Inc. vs. Prudential Guarantee and Assurance, Inc.

Playinn, Inc. vs. Prudential Guarantee and Assurance, Inc.

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Title Supreme Court: Playinn, Inc. vs. Prudential Guarantee and Assurance, Inc.

Case: G.R. No. 254764

Decision Date: Nov 29, 2023

Playinn and Furacon entered a construction contract; Furacon delayed. Playinn sued Furacon and Prudential (surety) before CIAC. CIAC ruled Prudential liable to extent of performance bond. CA nullified CIAC issuances for altering award. SC modified and reinstated them.

construction contract

arbitration

construction arbitration

Very Long 49 min

END