Quin baterna biography

Realtor dies unpaid in UI sale transaction

By Erly C. Garcia

The family of the late realtor Quin Baterna, who succumbed to cancer last Friday, May 22, vowed to pursue the case filed by the former against Alberto Lopez former president of University of Iloilo (UI) and another former UI official Leandro Fernando L.

Montelibano.

The case stemmed from the failure and refusal of Lopez to pay Baterna his commission on the sale of the university to Philippine Investment-Management Inc. (Phinma) Group of Companies.

Baterna, being an established real estate broker in the country, initiated the negotiation for the acquisition of UI by Phinma Group which dates back to August 2003.

Early this year, it was reported that the buy-out of UI by Phinma Group was consummated in the amount of P315 million plus the taxes attendant to the sale.

Baterna in his complaint for Sum of Money, Specific Performance and Damages against Lopez claimed that he initiated the transactio