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PHILIPPINE SUPREME COURT DECISIONS


SECOND DIVISION

G.R. No. 172393 : October 20, 2010

BANK OF COMMERCE, Petitioner,v.HON. ESTELA PERLAS-BERNABE, in her capacity as Presiding Judge of the REGIONAL TRIAL OF MAKATI CITY, BRANCH 142; BANCAPITAL DEVELOPMENT CORPORATION; and EXCHANGE CAPITAL CORPORATION, Respondents.cralaw

D E C I S I O N

PERALTA, J.:

A multimillion-peso treasury bill scam shook the Philippine financial markets in the mid-1990s. At the center of the fiasco lies respondent Bancapital Development Corporation (Bancapital) whose series of alleged fraudulent and unauthorized dealings in securities had left several other financial institutions almost in shamblesamong them was herein petitioner Bank of Commerce. Bancapital was suspected of having funneled its funds to Exchange Capital Corporation (Excap) allegedly to insulate its assets from creditors stung by its scheme. The magnitude of the fraud had caught the attention of the National Bureau of Investigation (NBI) which immediately launched an investigation into the matter. Petitioner, it appears, was the only one that instituted an action to retrieve its rather scandalous losses.

This is a petition for review under Rule 45 of the Rules of Court assailing the June 22, 2004 Decision1cra1aw and the April 21, 2006 Resolution2cra1aw of the Court of Appeals in CA-G.R. SP. No. 67488. The challenged Decision denied due course to and dismissed petitioners petition for certiorari from the September 7, 2001 Order of the Regional Trial Court (RTC) of Makati City, Branch 142 in Civil Case No. 01-855. The said Order, in turn, had denied petitioners motion to consolidate Civil Case No. 01-855 with Case No. 01-974 pending with Branch 138 of the same court. These two cases had found their way to the RTC from the Securities and Exchange Commission (SEC) by operation of Republic Act (R.A.) No. 8977. The assailed Resolution denied reconsideration.

The facts follow.

On February 7, 1996, petitioner filed with the SEC a petition for involuntary dissolution, liquidation and receivership,3cra1aw docketed as SEC Case No. 02-96-5259 (the Receivership Case), alleging that Bancapital had defrauded it in unauthorized trading in government securities and had deliberately transferred its assets to Excap to keep them beyond reach of its creditors.4cra1aw Bancapital was declared in default for lack of an answer despite service of summons by publication,5cra1aw whereas Excap was allowed to intervene in the case. The SEC, thereafter, constituted a Receivership Committee of three members.6chanroblesvirtuallawlibrary

In the course of the proceedings, petitioner submitted to the Receivership Committee the NBI Report,7cra1aw as well as the copies of the checks mentioned therein.8cra1aw In a nutshell, the report seemed to validate the supposed transactional anomalies staged by Bancapital and Excap consisting of a series of questionable movement of funds from the former to the latter which had not been properly documented and accounted for in the books of Excap.9cra1aw This finding led the NBI to conclude, albeit tentatively, that respondents had indeed arranged for Bancapitals assets to be insulated from the prospect of creditor claims.10cra1aw Expectedly, Excap defended its transactions mentioned in the report and explained that the same were all but regular and legitimate dealings with Bancapital.11chanroblesvirtuallawlibrary

After an evaluation of the parties evidence, the Receivership Committee submitted its report12cra1aw to the SEC. This committee report found Bancapital to be insolvent and admitted that the Receivership Committee had thus been unable to take custody or control of any assets.13cra1aw Commenting on the report, Excap, on the one hand, advanced that the hearing officer must only affirm the Committees finding that it had never been in possession of Bancapitals assets.14cra1aw On the other hand, petitioner emphasized that contrary to Excaps understanding, the Committee Report did not make a categorical finding that Excap was, in fact, not in possession of Bancapitals assets.15chanroblesvirtuallawlibrary

On October 22, 1999, Hearing Officer Marciano Bacalla, Jr. issued an Order16cra1aw accepting the Committee Report and holding in explicit terms that Excap was not in possession of Bancapitals assets as indeed the money trail into Excaps accounts, as alluded to by the NBI, had been sufficiently explained to be regular, well-documented legitimate transactions.17cra1aw Petitioner sought reconsideration,18cra1aw but it was denied in an Order19cra1aw dated December 16, 1999 which reiterated that in view of the Committees finding that Bancapital was insolvent and had no more assets that could be accounted for, it would also mean that Bancapital had no funds in possession even of Excap which might otherwise be taken custody of by the Receivership Committee.20chanroblesvirtuallawlibrary

Alleging grave abuse of discretion on the part of the hearing officer in issuing these twin orders, petitioner, on January 18, 2000, filed a Petition for Certiorari21cra1aw with the SEC En Banc, docketed as SEC EB Case No. 692 (the Certiorari Petition). Pending this petition and with no hint yet that the same had been submitted for decision, Hearing Officer Bacalla issued yet another Order22cra1aw on April 19, 2000 dismissing the Receivership Case based on the Committee Report while taking judicial notice that Bancapital had long since ceased from operations and had been unable to comply with its mandatory reportorial obligations to the Receivership Committee.23chanroblesvirtuallawlibrary

In the meantime, on August 8, 2000, R.A. No. 8799, otherwise known as the Securities Regulation Code,24cra1aw came in place and transferred jurisdiction over the Receivership Case and the Certiorari Petition from the SEC to the courts of general jurisdiction.

On the basis of this statutory development, the SEC En Banc in SEC EB Case No. 692 issued an Order25cra1aw dated November 23, 2000 expressly declaring that it should not be acting on the Certiorari Petition and supposedly denying due course to it on the ground that the Commissions oversight functions relative to the acts of its hearing officers had become functus officio with the jurisdictional transfer thereof to the regional trial courts and hence. Forthwith, SEC EB Case No. 692 (Certiorari Petition) was transferred to the RTC of Makati, Branch 14226cra1aw and was docketed as Civil Case No. 01-974; whereas SEC Case No. 02-96-5259 the Receivership Casewas transferred to Branch 138 of the same Court and was docketed as Civil Case No. 01-855.

Petitioner sought the consolidation of Civil Case No. 01-974 (Certiorari Petition) with the Receivership Case and, for that purpose, filed a Motion to Consolidate27cra1aw before Branch 142 of the RTC of Makati. The RTC, however, denied the motion in an Order28cra1aw dated September 7, 2001, holding that consolidation would serve no purpose in view of the November 23, 2000 Order of the SEC En Banc denying due course to the Certiorari Petition, and ordering that the records of the case must nevertheless be transferred to Branch 138 for inclusion in the main records in the interest of orderly procedure.29chanroblesvirtuallawlibrary

Petitioner elevated the matter to the Court of Appeals via a Rule 65 petition ascribing grave abuse of discretion amounting to lack or excess of jurisdiction to the presiding judge of Branch 142 in declining to consolidate the Certiorari Petition with the Receivership Case pending before Branch 138.30chanroblesvirtuallawlibrary

In its Decision31cra1aw dated June 22, 2004, the Court of Appeals denied due course to and dismissed the petition. Finding no grave abuse of discretion on the part of the trial court, it held that in view of the hearing officers dismissal of the Receivership Case, there was indeed nothing more to consolidate with the Certiorari Petition, especially since no appeal was taken from said dismissal to the Court of Appeals which had jurisdiction to entertain the same. The Court of Appeals, likewise, stated that even the November 23, 2000 Order of the SEC En Banc in the Certiorari Petition had itself attained finality for the exact same reason as the April 19, 2000 Order. A Rule 65 petition, it said, could not substitute for petitioners lost right to appeal. 32chanroblesvirtuallawlibrary

Petitioners motion for reconsideration was denied.33cra1aw Hence, the instant petition which bears the unrelenting issue of whether the Court of Appeals was correct in upholding the denial by the RTC of Makati, Branch 142 of petitioners motion for the consolidation of the Certiorari Petition with the Receivership Case pending before Branch 138.

Petitioner posits that the Court of Appeals erroneously upheld the trial courts denial of its motion to consolidate and it invokes three reasons why: (a) first, Rule 31 of the Rules of Court sanctions consolidation thereof; (b) second, the SEC En Bancs denial of due course to the petition for certiorari in SEC EB Case No. 692 [Civil Case No. 01-974] was based on lack of jurisdiction which, however, would not preclude the consolidation of the two cases that eventually found their way to the trial court of different branches; and (c) third, the denial of the motion for consolidation has given rise to the inequitable situation where the hearing officers grave abuse of discretion in dismissing the Receivership Case would as it did remain unchecked thereby leaving the aggrieved party with no more remedy to pursue.34chanroblesvirtuallawlibrary

Excap differs.35cra1aw In its Comment36cra1aw on the petition, it posits that as the Court of Appeals discussed in the assailed decision, there was nothing more to consolidate with the Certiorari Petition, because the dismissal of this case, as well as of the Receivership Case, had long attained finality without an appeal being taken from them. It also points out that, as affirmed by the September 7, 2001 Order of the trial court, the SEC En Bancs denial of due course to the petition for certiorari in SEC EB Case No. 692 operates as a complete disposition of the petition from which the proper remedy would have been an ordinary appeal to the Court of Appeals. It, thus, believes that the Court of Appeals has correctly upheld the denial of the consolidation of the cases.

Petitioner insists in its Reply37cra1aw that the SEC En Bancs dismissal of the Certiorari Petition was perched on the fact that Section 52 of R.A. No. 8799 had transferred jurisdiction over the cases to the appropriate RTCs. Petitioner theorizes that it is because of this statutory development that the SEC did not act on the petition thereby failing to make a definitive ruling on whether indeed Excap was keeping some of Bancapitals assets and funds or not. Thus, since this question has yet to be resolved by the SEC En Banc and in view of the transfer of the case to the RTC of Makati, Branch 142, petitioner asserts that the latter would, in any event, still have to finally resolve said question; but since the main case the Receivership Case has been transferred to Branch 138, it is crucial that the cases be consolidated before Branch 138.

There is merit in the petition.

Before we proceed to determine whether the Court of Appeals was correct in affirming the trial courts denial of petitioners Motion to Consolidate, it is imperative to establish whether indeed the SEC hearing officers April 19, 2000 Order dismissing the Receivership Case has attained finality especially since this consideration seems to have informed both courts below that consolidation under the given circumstances would not be practically nor legally feasible. In the same way, we must also determine whether the November 23, 2000 Order of the SEC En Banc had the effect of dismissing with finality petitioners Certiorari Petition, because this was likewise considered by the Court of Appeals in affirming the denial of petitioners prayer for consolidation.

First, recall that with respect to the dismissal of the Receivership Case, the Court of Appeals and the trial court noted that the hearing officers April 19, 2000 Order was never appealed from by petitioner, which lapse resulted in said Order attaining finality. Second, with respect to the November 23, 2000 Order, the Court of Appeals emphasized that the SEC En Banc had already denied due course to the Certiorari Petition and in effect, had dismissed the case even before it was transferred to the RTC of Makati, Branch 142. With these observations, the Court of Appeals ruled that consolidation indeed was unwarranted, since there were no more cases to be consolidated in the first place.

We are not convinced.

Tucked in the records of the case is the fact that shortly after the issuance by Hearing Officer Bacalla of the April 19, 2000 Order dismissing the Receivership Case, petitioner immediately moved to recall the said Order. In its Motion (to Recall the April 19, 2000 Order)38cra1aw filed on May 4, 2000, petitioner lamented that whether the Committee Report had indeed made a clear finding that Excap was not holding any of Bancapitals assets was a question yet to be decided by the SEC En Banc in the Certiorari Petition pending before it. Hence, petitioner believes that as a matter of course, the hearing officer, as a measure of courtesy to the Commission, should have deferred action on the Receivership Case unless and until the SEC En Banc has reached a resolution in the Certiorari Petition.39cra1aw We reproduce the pertinent portions of the said Motion, to wit:chanroblesvirtualawlibrary

3. The [October 22, 1999 and December 16, 1999 Orders of the Hearing Officer] and the erroneous reasoning on which they were based, were precisely made the subject of a PETITION filed by BANCOM with the Securities & Exchange Commission En Banc on January 6, 2000. x x x

3.1. As argued by BANCOM in its PETITION, the Honorable Hearing Officer gravely erred in ruling that EXCAP does not hold any assets for BANCAP when nothing in the Report of the Chairman of the Receivership Committee makes a finding to this effect. Nothing in said Report foreclosed the possibility that there may still be assets of BANCAP that can be recovered. Furthermore, even assuming that the Honorable Hearing Officer could rule on the issue absent a conclusive finding by the Committee, his rulings in the above-mentioned Orders were not based on substantial evidence.

4. Because these issues are now before the Commission En banc, the Hearing Officer has no authority to cause the dismissal of this case, especially considering that the basis of the dismissal is precisely what the Commission is asked to consider. Surely, the Hearing Officer does not mean to pre-empt any favorable decision that BANCOM might obtain from the Commission En Banc in SEC EB Case No. 692. But this is precisely what he did by dismissing this case. x x x

x x x x

6. In the same manner, having received a copy of BANCOMs PETITION, the Honorable Hearing Officer should give due respect to the Commission En Banc and not trifle with its authority by trying to render useless the possible reversal by the Commission En Banc of his Orders dated October 22 and December 16, 1999.

7. In the premises, the Hearing Officer should recall his Order dated April 19, 2000 and instead await the Commissions resolution of SEC EB Case No. 692.

WHEREFORE, it is respectfully prayed that the Hearing Officer recall his Order dated April 19, 2000 and await the Commissions resolution of SEC EB Case No. 692. x x x40chanroblesvirtuallawlibrary

An Opposition41cra1aw and a Reply,42cra1aw in fact, ensued thereafter, yet it appears that no definitive action was ever taken by the hearing officer on the motion. To our mind, this is very consequential.

Elemental is the rule of procedure that the nature of a pleading is to be determined by the averments in it and not by its title.43cra1aw Hence, while petitioners Motion (to Recall the April 19, 2000 Order) was so denominated, it is not difficult to see that the remedy it was seeking was actually a reconsideration of the dismissal of the Receivership Case. This Motion, to reiterate, does not appear to have been acted upon by the hearing officer at any time during the interim that the subject order was issued and the two cases were eventually transferred to Branches 138 and 142 of the RTC of Makati. In particular, when the Receivership Case was transferred to Branch 138, petitioners Motion to Recall was still a pending incident in the case. With the transfer of the records to the said court, the accompanying duty to resolve the motion likewise had devolved on the said court. In other words, contrary to the findings of the Court of Appeals, the Receivership Case has not yet attained finality, as indeed the motion seeking reconsideration of its dismissal had not been acted upon by the hearing officer himself and had not yet, in fact, been acted upon by Branch 138 of the RTC of Makati.

Moreover, the November 23, 2000 Order of the SEC En Banc reads in full:chanroblesvirtualawlibrary

Under the Revised Rules of Procedure of the Securities and Exchange Commission, parties in an intra-corporate dispute are allowed to file a petition for certiorari questioning interlocutory orders of the Hearing Officer based on grave abuse of discretion. Such remedy was allowed by the Commission in order for it to have oversight power over the acts of the Hearing Officer. With the passage [of] Republic Act 8799 otherwise known as the "Securities Regulation Code," the jurisdiction of the Commission over intra-corporate dispute was transferred to the regular courts. With the transfer of this function to the regular courts, the oversight power of the Commission en banc over the acts of their Hearing Officers, has now become functus officius. Therefore, the present petition for certiorari herein shall no longer be acted upon by the Commission and denied due course. A copy of this order, together with the records of the case, [is] hereby forwarded to the Regional Trial Court where the main case shall be heard for their consideration.

SO ORDERED.44chanroblesvirtuallawlibrary

As can be gleaned from the aforequoted order, the SEC En Banc has chosen not to act on the Certiorari Petition which principally assailed the October 22 and December 16, 1999 Orders of Hearing Officer Bacalla respectively accepting the Committee Report and denying reconsideration, precisely because it acknowledged that it has lost jurisdiction over the petition as a result of the supervening transfer of jurisdiction over the case to the trial court. This is evident in its recognition of the fact that by virtue of the enactment of R.A. No. 8799, it has thereby also lost the oversight power to correct abuses of discretion in the issuance of interlocutory orders by its hearing officers. More to the point, it likewise ordered the transfer of the records of the case to the trial court where it may supposedly be heard for further consideration. On these observations, it is clear that this Order could not have written finis to the Certiorari Petition for the basic reason that the SEC En Banc, at that given point, could no longer validly act on the same much less to rule on the merits of the petition.

At this juncture, considering that both the Receivership Case and the Certiorari Petition have yet to be resolved, we now come to terms with the central issue of whether the consolidation of these cases is proper under the circumstances.

Consolidation of cases is governed by Section 1, Rule 31 of the Rules of Court, which materially states:chanroblesvirtualawlibrary

Section 1. Consolidation. When actions involving a common question of law or fact are pending before the court, it may order a joint hearing or trial of any or all the matters in issue in the actions; it may order all the actions consolidated; and it may make such orders concerning proceedings therein as may tend to avoid unnecessary costs or delay.

It is well recognized that consolidation of cases avoids multiplicity of suits, guards against oppression and abuse, prevents delay, clears congested court dockets, simplifies the work of the courts and seeks to attain justice with the least expense and vexation to litigants.45cra1aw Generally, consolidation applies only to cases pending before the same judge and not to cases pending in different branches of the same court or in different courts.46chanroblesvirtuallawlibrary

Yet in appropriate instances and in the interest of justice, cases pending in different branches of the court or in different courts may be consolidated, consistent with the rule in our jurisdiction that leans towards permitting consolidation of cases whenever possible and irrespective of the diversity of the issues for resolution.47cra1aw Hence, consolidation of cases is proper when the actions involve the same reliefs or the same parties and basically the same issues,48cra1aw or when there is real need to forestall the possibility of conflicting decisions being rendered in the cases,49cra1aw provided that the measure will not give one party an undue advantage over the other, or prejudice the substantial rights of any of the parties.50chanroblesvirtuallawlibrary

Indeed, the objectives of judicial economy and simplicity sit well with the prospect of consolidating the two subject cases. We take note that the Certiorari Petition in this case is only a pending incident in the Receivership Case, which is the main action and in which a motion for the recall of the April 30, 2000 Order of the hearing officer is still awaiting resolution before Branch 138 of the RTC of Makati, where the case was transferred. Thus, the outcome of the Certiorari Petition will definitely have a bearing on the Receivership Case, involving as they do the same focal issue of whether or not Excap had been found in possession of Bancapitals assets and requiring substantially the same evidence on that matter. In other words, conducting separate trials of the cases would only entail substantial duplication of time and effort not only by the parties but also by the courts51cra1aw and could terminate in the two courts rendering conflicting decisions.

WHEREFORE, the Petition is GRANTED. The June 22, 2004 Decision and the April 21, 2006 Resolution of the Court of Appeals in CA-G.R. SP No. 67488, affirming the September 7, 2001 Order of the Regional Trial Court of Makati City, Branch 142 in Civil Case No. 01-855, are hereby REVERSED and SET ASIDE. Accordingly, Civil Case No. 01-855 is ordered CONSOLIDATED with Civil Case No. 01-974 before Branch 138 of the Regional Trial Court of Makati City. Let the records of Civil Case No. 01-855 be transferred to Branch 138 for disposition.

SO ORDERED.

DIOSDADO M. PERALTA
Associate Justice

WE CONCUR:

ANTONIO T. CARPIO
Associate Justice
Chairperson

ANTONIO EDUARDO B. NACHURA
Associate Justice
TERESITA J. LEONARDO-DE CASTRO*
Associate Justice

JOSE CATRAL MENDOZA
Associate Justice

A T T E S T A T I O N

I attest that the conclusions in the above Decision had been reached in consultation before the case was assigned to the writer of the opinion of the Courts Division.

ANTONIO T. CARPIO/strong>
Associate Justice
Second Division, Chairperson

C E R T I F I C A T I O N

Pursuant to Section 13, Article VIII of the Constitution and the Division Chairpersons Attestation, I certify that the conclusions in the above Decision had been reached in consultation before the case was assigned to the writer of the opinion of the Courts Division.

RENATO C. CORONA

Chief Justice



cralawEndnotes:

* Designated as an additional member in lieu of Associate Justice Roberto A. Abad, per Special Order No. 905, dated October 5, 2010.

1cra1aw Penned by Associate Justice Roberto A. Barrios, with Associate Justices Mariano C. Del Castillo (now Supreme Court Associate Justice) and Magdangal M. De Leon, concurring; CA rollo, pp. 319-329.

2cra1aw CA rollo, pp. 369-371.

3cra1aw Records, Civil Case No. 01-855, pp. 1-5.

4cra1aw Id. at 2.

5cra1aw Id. at 41.

6cra1aw Id. at 114-115. The Receivership Committee was composed of Atty. Amado M. Santiago, Jr., who was chosen by the SEC Hearing Officer as chairman, and Rodrigo Cruz and Atty. Johann Ibarra, who were nominated by petitioner and respondent Excap, respectively.

7cra1aw Id. at 278-286.

8cra1aw Id. at 319-328.

9cra1aw Id. at 279-283.

10cra1aw Id at 284.

11cra1aw Id. at 287-318.

12cra1aw Id. at 268-277.

13cra1aw Id. at 276.

14cra1aw Id. at 353-354.

15cra1aw Id. at 360-361.

16cra1aw Id. at 363-370.

17cra1aw Id. at 369-370. The Hearing Officer disposed as follows:chanroblesvirtualawlibrary

In the absence of any objection to the subject Report and Motion of the Chairman of the Receivership Committee, the same is hereby ACCEPTED. Thus, the Chairman of the Receivership Committee is RELIEVED of his duties as such.

SO ORDERED.

18cra1aw Id. at 376-377.

19cra1aw Id. at 397-398.

20cra1aw Id. The dispositive portion reads:chanroblesvirtualawlibrary

WHEREFORE, finding no cogent reason to reverse, alter or modify the questioned Order dated October 22, 1999, the subject Motion for Reconsideration dated November 8, 1999 should, as it is hereby DENIED.

SO ORDERED.

21cra1aw Records, Civil Case No. 01-974, pp. 1-17.

22cra1aw Records, Crim. Case No. 01-855, p. 407.

23cra1aw Id. The dispositive portion reads:chanroblesvirtualawlibrary

Premises considered, this case should be, as it is hereby DISMISSED.

SO ORDERED.

24cra1aw The law was approved on July 19, 2000.

25cra1aw Signed by Chairman Lilia R. Bautista and Commissioners Fe Eloisa C. Gloria, Edijer A. Martinez and Joselia I. Poblador. (Records, Civil Case No. 01-974, p. 132).

26cra1aw Presided by Judge (now Court of Appeals Associate Justice) Estela Perlas-Bernabe.

27cra1aw Records, Civil Case No. 01-974. pp. 136-142.

28cra1aw Id. at 147.

29cra1aw Id.

30cra1aw CA rollo, pp. 2-14.

31cra1aw Id. at 319-329.

32cra1aw Id. at 327-328. The Court of Appeals disposition reads:chanroblesvirtualawlibrary

WHEREFORE, the instant petition for certiorari is DENIED DUE COURSE and accordingly DISMISSED.

SO ORDERED. (Id. at 328).

33cra1aw CA rollo, pp. 369-371.

34cra1aw Rollo, pp. 36-51.

35cra1aw Records show that copies of pertinent Court resolutions meant for respondent Bancapital Development Corporation had been returned unserved with notation "Company Moved Out." Thus, by Resolution dated January 23, 2008, it is deemed to have been served and to have dispensed with filing a Comment on the Petition. (Rollo, p. 475).

36cra1aw Rollo, pp. 362-390.

37cra1aw Id. at 439-458.

38cra1aw Id. at 415-418.

39cra1aw Records, Civil Case No. 01-855, pp. 416-417.

40cra1aw Id. at 416-418.

41cra1aw Id. at 420-424.

42cra1aw Id. at 428-433.

43cra1aw Philimare, Inc./Marlow Navigation Co., Ltd. v. Suganob, G.R. No. 168753, July 9, 2008, 557 SCRA 438, 445, citing Cruz v. Cristobal, 498 SCRA 37, 49 (2006).

44cra1aw Records, Civil Case No. 01-974, p. 132.

45cra1aw Palanca v. Querubin, 141 Phil. 432, 439 (1969).

46cra1aw Philippine Airlines v. Teodoro, 97 Phil. 461, 468 (1955).

47cra1aw Palanca v. Querubin, supra note 45; Raymundo v. Felipe, 149 Phil. 716, 732 (1971).

48cra1aw Intestate Estate of Alexander T. Ty v. Court of Appeals, 408 Phil. 792 (2001); Dans, Jr. v. People, 349 Phil. 434 (1998).

49cra1aw Benguet Corporation, Inc. v. Court of Appeals, 247-A Phil. 356, 363 (1988).

50cra1aw Teston v. Development Bank of the Philippines, G.R. No. 144374, November 11, 2005, 474 SCRA 597, 605.

51cra1aw See Lafarge Cement Phils. Inc. v. Continental Cement Corp. 486 Phil. 123 (2004) and GD Express Wordwide N.V. v. Court of Appeals, G.R. No. 136978, May 8, 2009.

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