5/3/2021 E-Library - Information At Your Fingertips: Printer Friendly prompt and effective recourse against such companies when held liable for applicant's or worker's claims. The cash and surety bonds shall answer for all valid and legal claims arising from violations of the conditions for the grant and use of the license, and/or accreditations and contracts of employment. The bonds shall likewise guarantee compliance with the provisions of the Code and its implementing rules and regulations relating to recruitment and placement, the POEA Rules and relevant issuances of the Department and all liabilities which the POEA may impose.[27] Accordingly, we find it proper to reinstate the Decision dated January 5, 1994 of the POEA subject to the modification that the amount of P16,000, the amount which petitioner admitted to have been advanced by respondent JEAC for his expenses in going to Singapore[28] be deducted from the total amount to be awarded to him which includes a) US$1,646.66 corresponding to his unpaid salaries and b) attorney's fees. The award of attorney's fees amounting to ten percent (10%) of the total award is justified under Article 111 (a) of the Labor Code. The solidary liability of Travelers Insurance Corp., as surety of respondent JEAC, is maintained. WHEREFORE, the petition is hereby GRANTED and the respondent NLRC's a) Decision dated July 28, 1994, and b) Resolution dated Octobger 6, 1994 are SET ASIDE. The Decision of POEA Administrator Felicisimo O. Joson in POEA Case No. (L) 92-07-939 is REINSTATED with the MODIFICATION that the sum of P16,000.00 be deducted from the total amount to be awarded to petitioner. Payment should be made in Philippine currency at the prevailing rate of exchange at the time of payment. SO ORDERED. Melo, (Chairman), Vitug, Panganiban, and Gonzaga-Reyes, JJ., concur. [1] Rollo, pp. 27-34. [2] Rollo, pp. 75-80. [3] Entitled "Mario A. Hornales v. JEAC International Management & Contractor Services, Engr. Jose Cayanan, County Bankers Insurance Corp. and Travellers Insurance Corporation". [4] Rollo, p. 35. [5] Annex C of Petition, Rollo, pp. 36-37. [6] Alternatively referred to as Step-Up Video PTE L.D., Rollo, p. 52. [7] Annex "E" of the Petition, Rollo, pp. 40-42. https://elibrary.judiciary.gov.ph/thebookshelf/showdocsfriendly/1/52737 9/11