Transfield Philippines vs. Luzon Hyrdro Corp Digest

Facts Transfield Phils. (TPI) and Luzon Hydro (LHC) entered into a Turnkey Contract* where TPI undertook to construct a hydro electric power station. The contract provided completion date and for extensions of time (EOT) in cases such as force majeure. To secure the performance of TPI, TPI opened in favor of LHC two standby letters […]