Case Digest (G.R. No. 184622)
Facts:
- The case involves consolidated petitions under G.R. Nos. 184622, 184712-14, 186066, and 186590.
- The dispute is between Philippine Overseas Telecommunications Corporation (POTC), Philippine Communications Satellite Corporation (PHILCOMSAT), and Philcomsat Holdings Corporation (PHC).
- Petitioners include POTC and PHILCOMSAT, represented by various individuals.
- Respondents include Victor Africa, Erlinda I. Bildner, Sylvia K. Ilusorio, Honorio Poblador III, among others.
- The conflict centers on 5,400 shares of POTC stock, contested by several families, including the Ilusorio, Nieto, Poblador, Africa, Benedicto, Ponce Enrile, and Elizalde families.
- The shares were allegedly taken from Atty. Potenciano Ilusorio during the Marcos regime through intimidation and transferred to corporations linked to the Marcos family.
- After the EDSA People Power Revolution in 1986, the Presidential Commission on Good Government (PCGG) was established to recover ill-gotten wealth, including these shares.
- The PCGG took control of shares held by Independent Realty Corporation (IRC) and Mid-Pasig Land Development Corporation, associated with the Marcoses.
- A compromise agreement in 1996 recognized Atty. Ilusorio's ownership of 673 shares, with the Republic retaining 4,727 shares, approved by the Sandiganbayan in 1998.
- Ongoing disputes regarding control of POTC and PHILCOMSAT led to contested stockholder meetings and elections.
- The RTC of Makati City (Branch 138) ruled on the validity of these elections, prompting the current petitions for review.
Issue:
- (Unlock)
Ruling:
- The Sandiganbayan's refusal to take cognizance of the injunction suit was proper as it was an intra-corporate dispute.
- The RTC (Branch 138) had jurisdiction over the election contest.
- The lack of a pre-trial conference was not fatal to the intra-corporate election contest.
- The RTC retained jurisdiction over the case that was ripe for adjudication.
- The ruling in G.R. Nos. 141796 and 141804 was properly applied to Civil Case No. 04-1049.
- The prop...(Unlock)
Ratio:
- The Court emphasized that the Sandiganbayan's jurisdiction is limited to cases involving the recovery of ill-gotten wealth, while intra-corporate disputes fall under the RTC's jurisdiction.
- The RTC (Branch 138) was designated as a special commercial court and had the authority to resolve...continue reading
Case Digest (G.R. No. 184622)
Facts:
The case involves multiple petitions consolidated under G.R. Nos. 184622, 184712-14, 186066, and 186590, concerning an intra-corporate dispute among the Philippine Overseas Telecommunications Corporation (POTC), Philippine Communications Satellite Corporation (PHILCOMSAT), and Philcomsat Holdings Corporation (PHC). The petitioners include POTC and PHILCOMSAT, represented by various individuals, while the respondents include Victor Africa, Erlinda I. Bildner, Sylvia K. Ilusorio, Honorio Poblador III, and others. The events leading to the case began with the ownership of 5,400 shares of POTC stock, which became a point of contention among several families, including the Ilusorio, Nieto, Poblador, Africa, Benedicto, Ponce Enrile, and Elizalde families.
The shares were allegedly taken from Atty. Potenciano Ilusorio during the Marcos regime through intimidation and were later placed under the names of corporations associated with the Marcos family. Following the EDSA People Power Revolution in 1986, the newly installed government created the Presidential Commission on Good Government (PCGG) to recover ill-gotten wealth, which included the shares in question. The PCGG took control of the shares held by Independent Realty Corporation (IRC) and Mid-Pasig Land Development Corporation, which were linked to the Marcoses.
In 1996, a compromise agreement was reached between Atty. Ilusorio and the government, recognizing his ownership of 673 shares while the Republic retained 4,727 shares. This agreement was approved by the Sandiganbayan in 1998. However, disputes continued regarding the control of POTC and PHILCOMSAT, leading to various stockholder meetings and elections that were contested by different factions. The RTC of Makati City (Branch 138) eventually ruled on the validity of these elections, leading to the current petitions for review.
Issue:
- Did the Sandiganbayan err...