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CHUIDIAN v. PHILIPPINE NAT. BANK

No. CV 86-2255-RSWL.

734 F.Supp. 415 (1990)

Vicente B. CHUIDIAN, Plaintiff, v. PHILIPPINE NATIONAL BANK, et al., Defendants, Philippine Export and Foreign Loan Guarantee Corporation, Intervenor.

United States District Court, C.D. California.

April 9, 1990.

Attorney(s) appearing for the Case

Steven C. Finley, San Francisco, Cal., for plaintiff.

Joanne Frasca and Douglas Altschuler, Jones, Day, Reavis & Pogue, Max L. Gillam and Thomas R. Freeman, Latham & Watkins, Los Angeles, Cal., and Gregory P. Landis, McCutchen, Doyle, Brown & Enersen, San Francisco, Cal., for defendants.

ORDER AND JUDGMENT

LEW, District Judge.

This matter was tried before the Court from July 25, 1989 to August 18, 1989. Based upon the evidence presented during trial and upon the arguments made in the post-trial briefs, the Court issues the following order.

I. BACKGROUND

In September 1980, Asian Reliability Company, Inc. ("ARCI"), of which Chuidian owns 98%, filed a request with Philippine Export and Foreign Loan Guarantee Corporation (...

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