This case has been cited 1 times or more.
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2009-09-10 |
VELASCO JR., J. |
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| What followed was that TIM and Smartmatic, pursuant to the Joint Venture Agreement (JVA),[33] caused the incorporation of a joint venture corporation (JVC) that would enter into a contract with the Comelec. On July 8, 2009, the Securities and Exchange Commission issued a certificate of incorporation in favor of Smartmatic TIM Corporation. Two days after, or on July 10, 2009, Comelec and Smartmatic TIM Corporation, as provider, executed a contract[34] for the lease of goods and services under the contract for the contract amount of PhP 7,191,484,739.48, payable as the "Goods and Services are delivered and/or progress is made in accordance [with pre-set] Schedule of Payments."[35] On the same date, a Notice to Proceed[36] was sent to, and received by, Smartmatic TIM Corporation. | |||||