SC settles BFC and Shangri-La money claims over EDSA Plaza 0 SHARES Share it! “The SC agreed with the findings of the Arbitral Tribunal when it considered the specific variation orders with the conformity of the Shangri-la Properties. “Nevertheless, the SC had to determine Shangri-La Properties’ obligation due to BFC. In this case, the SC sustained the CA in holding that Shangri-La Properties is still liable to pay BFC the amount of PhP24,497,555.91. “The SC held that BFC is also liable for the delays in the completion of the Project suffered by Shangri-La Properties.

Source: Manila Bulletin January 15, 2020 00:42 UTC