Pascual v. Commissioner of Internal Revenue

G.R. No. L-78133, 18 October 1988 FACTS: On June 22, 1965, petitioners bought two (2) parcels of land from Santiago Bernardino, et al. and on May 28, 1966, they bought another three (3) parcels of land from Juan Roque. The first two parcels of land were sold by petitioners in 1968 to Marenir Development Corporation, [...]

By |2020-03-02T05:36:17+00:00February 12th, 2020|Case Digests|Comments Off on Pascual v. Commissioner of Internal Revenue

Lim Tong Lim v. Philippine Fishing Gear Industries, Inc.

G.R. No. 136448, 9 November 1999 FACTS: On behalf of "Ocean Quest Fishing Corporation," Antonio Chua and Peter Yao entered into a Contract dated February 7, 1990, for the purchase of fishing nets of various sizes from the Philippine Fishing Gear Industries, Inc. (herein respondent). They claimed that they were engaged in a business venture [...]

By |2020-03-02T05:30:17+00:00February 12th, 2020|Case Digests|Comments Off on Lim Tong Lim v. Philippine Fishing Gear Industries, Inc.

Sy v. Court of Appeals

G.R. No. 142293, 27 February 2003 FACTS: Private respondent Jaime Sahot started working as a truck helper for petitioners’ family-owned trucking business for 36 years, private respondent continuously served the trucking business of petitioners. In April 1994, Sahot was already 59 years old. He had been incurring absences as he was suffering from various ailments [...]

By |2020-06-02T08:45:22+00:00February 12th, 2020|Case Digests|Comments Off on Sy v. Court of Appeals

Securities and Exchange Commission v. Santos

G.R. No. 195542, 19 March 2014 FACTS: Sometime in 2007, yet another investment scam was exposed with the disappearance of its primary perpetrator, Micheal H.K. Liew, a self–styled financial guru and Chairman of the Board of Directors of Performance Investment Products Corporation (PIPC–BVI), a foreign corporation registered in the British Virgin Islands. To do business [...]

By |2020-02-28T09:00:03+00:00February 10th, 2020|Case Digests|Comments Off on Securities and Exchange Commission v. Santos

Cemco Holdings v. National Life Insurance Company

G.R. No. 171815, 7 August 2007 FACTS: Union Cement Corporation (UCC), a publicly-listed company, has two principal stockholders – UCHC, a non-listed company, with shares amounting to 60.51%, and petitioner Cemco with 17.03%. Majority of UCHC’s stocks were owned by BCI with 21.31% and ACC with 29.69%. Cemco, on the other hand, owned 9% of [...]

By |2020-02-28T08:56:06+00:00February 10th, 2020|Case Digests|Comments Off on Cemco Holdings v. National Life Insurance Company

Union Bank of the Philippines v. SEC

G.R. No. 138949, 6 June 2001 FACTS: On April 4, 1997, petitioner, through its General Counsel and Corporate Secretary, sought the opinion of Chairman Perfecto Yasay, Jr. of respondent SEC as to the applicability and coverage of the “Full Material Disclosure Rule” on banks, contending that said rules, in effect, amend Section 5 (a) (3) [...]

By |2020-02-28T08:38:45+00:00February 10th, 2020|Case Digests|Comments Off on Union Bank of the Philippines v. SEC

Ient v. Tullett Prebon (Philippines) Inc.

G.R. No. 189158, 11 January 2017 FACTS: Tradition Group, where petitoners herein are employed, and Tullett are competitors in the inter-dealer broking business. On the Tradition Group's motive of expansion and diversification in Asia, petitioners lent and Schulze were tasked with the establishment Tradition Financial Services Philippines, Inc. However, Tullett, filed a Complaint-Affidavit with the [...]

By |2020-02-28T08:12:58+00:00February 10th, 2020|Case Digests|Comments Off on Ient v. Tullett Prebon (Philippines) Inc.

Hutchison Ports Philippines Limited v. Subic Bay Metropolitan Authority

G.R. No. 131367, 31 August 2000 FACTS: The Subic Bay Metropolitan Authority (or SBMA) advertised in leading national daily newspapers and in one international publication, an invitation offering to the private sector the opportunity to develop and operate a modern marine container terminal within the Subic Bay Freeport Zone. Out of seven bidders who responded [...]

By |2020-02-28T08:02:30+00:00February 10th, 2020|Case Digests|Comments Off on Hutchison Ports Philippines Limited v. Subic Bay Metropolitan Authority

Philip Morris, Inc., v. Court of Appeals

G.R. No. 91332, 16 July 1993 FACTS: Petitioners are foreign corporations organized under US laws not doing business in the Philippines and registered owners of symbols ‘MARK VII,’ ‘MARK TEN,’ and ‘LARK’ used in their cigarette products. Petitioners moved to enjoin respondent Fortune Tobacco from manufacturing and selling cigarettes bearing the symbol ‘MARK’ asserting that [...]

By |2020-02-28T07:59:11+00:00February 10th, 2020|Case Digests|Comments Off on Philip Morris, Inc., v. Court of Appeals

Bank of the Philippine Islands v. Eduardo Hong and the Court of Appeals

G.R. No. 161771, 15 February 2012 FACTS: EYCO Group of Companies ("EYCO") filed a petition for suspension of payments and rehabilitation before the Securities and Exchange Commission. While the case was still pending with the CA, petitioner Bank of the Philippine Islands (BPI), filed with the Office of the Clerk of Court, Regional Trial Court [...]

By |2020-02-28T06:38:38+00:00February 10th, 2020|Case Digests|Comments Off on Bank of the Philippine Islands v. Eduardo Hong and the Court of Appeals
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