RAMON L. SIYPHILIP T. ANG v BPI INTERNATIONAL FINANCE LIMITED(formerly called AYALA FINANCE (HK)  LIMITED and AYALA INTERNATIONAL FINANCE LIMITED)

Read the full judgment text of HCA 006659/1985 on BabelCite. This High Court CFI judgment was delivered on 12 June 1987.

1. In July or August, 1979, at the Manila Peninsula Hotel, Mr. Cinco, said to be an officer of the 1st and the 2nd defendant companies, supplied the Plaintiffs with information of the development of a residential and resort complex on the Spanish Mediterranean coast near Gibraltar. I shall call it "Sotogrande". The complex was in the charge of Financiera Sotogrande S.A. The 4th Defendant's interest in Sotogrande was 95%. The Plaintiffs were allegedly misled into taking over 18% of Sotogrande for