A bruising court battle looms between DATEM Inc. and Megaworld Corp., two of the country’s leading real property developers of commercial leases and residential units. DATEM had sued Megaworld for the collection of some P873 million in unpaid charges for its work on some of the latter’s projects. Megaworld had denied DATEM’s claim and said the latter was remiss in the performance of its construction contracts with it. If the parties fail to amicably settle their dispute, the hearing of their cases may see a host of engineers, architects and other construction specialists testifying for or against each other.
A bruising court battle looms between DATEM Inc. and Megaworld Corp. , two of the country’s leading real property developers of commercial leases and residential units . DATEM had sued Megaworld for the collection of some P873 million in unpaid charges for its work on some of the latter’s projects. Ahead of the trial, the court, upon DATEM’s petition, had issued a freeze order on some of Megaworld’s projects to cover the payment of DATEM’s claim if it is able to prove its case.
Megaworld had denied DATEM’s claim and said the latter was remiss in the performance of its construction contracts with it. Piqued by that suit, Megaworld threatened to sue DATEM for damages for gross negligence and breach of contract. If the parties fail to amicably settle their dispute, the hearing of their cases may see a host of engineers, architects and other construction specialists testifying for or against each other. The costs of engaging the services of those potential witnesses, on top of the hefty fees their respective lawyers are expected to charge, could run into millions of peso
Court Battle DATEM Inc. Megaworld Corp. Unpaid Charges Real Property Developers Commercial Leases Residential Units
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