Title
Development Bank of the Philippines vs. Monsanto Co.
Case
G.R. No. 207153
Decision Date
Jan 25, 2023
Foreign corporation MISCO, via indentor Lipton, sued CMC for unpaid debts; SC ruled MISCO not "doing business" in PH, estoppel applied, and assignee Monsanto had standing.

Case Summary (G.R. No. 254440)

Key Dates and Procedural Posture

Transactions: 1978–1983. Complaint for sum of money filed by MISCO: 31 July 1986. Trial court decision dismissing plaintiff’s complaint: 15 August 2006. CA decision reversing and remanding: 26 September 2012; CA resolution denying reconsideration: 30 April 2013. Supreme Court decision denying the petition and affirming the CA: January 25, 2023. The petition to the Supreme Court contested the CA’s finding that MISCO/Monsanto were not “doing business” in the Philippines and therefore had capacity to sue.

Applicable Law and Regulatory Framework

Primary statutes and rules relied upon in the decisions include: Section 133 of the Corporation Code (now Section 150 of RA 11232) on doing business without license and capacity to sue; Presidential Decree No. 1789 (Omnibus Investments Code of 1981) and its Implementing Rules and Regulations (IRR), which define “doing business” and expressly address transactions through indentors, commercial brokers, or commission merchants; Republic Act No. 7042 (Foreign Investments Act of 1991) and its Section 3(d), which contains language substantially similar to PD 1789 and the IRR definitions; Republic Act No. 5455 (earlier statute defining “doing business”); and procedural provisions such as Section 9, Rule 3 of the Rules of Court on real party in interest. The Court applied the legal framework in force and relevant to the transactions and disputes, with particular reliance on PD 1789 and its IRR to determine what constitutes “doing business.”

Factual Background and Transaction Mechanics

MISCO sold acrylic fibers to CMC between 1978 and 1983 through Lipton, a registered domestic corporation operating as an indentor and broker for foreign manufacturers. The sales were effected by indent orders prepared in quintuplicate (three copies to CMC, one to Lipton, one to MISCO). Payment was by draft against acceptance prepared by the supplier, endorsed by the buyer to a bank, and paid at maturity. CMC defaulted on obligations evidenced by five co-accepted drafts, prompting MISCO to sue for the unpaid balance. CMC admitted the obligation but raised defenses including MISCO’s alleged lack of capacity to sue (for transacting business without a license) and novation based on a revised draft agreement with partial payments. DBP denied being a co-acceptor, disputed the authority of the signatory, and also raised MISCO’s lack of capacity to sue.

Trial Court Findings

The RTC found MISCO to have transacted business in the Philippines without the necessary license and, citing the prohibition in the Corporation Code (Section 133), held that MISCO and its assign were not permitted to maintain suit. The RTC therefore dismissed the complaint and also dismissed the counterclaims of CMC and DBP for lack of evidence. The RTC’s disposition rested on the conclusion that MISCO had engaged in unlicensed business activities in the country.

Court of Appeals Ruling

The CA reversed and set aside the RTC decision and remanded the case for determination on the merits. The CA concluded that MISCO (and by assignment Monsanto) was not “doing business” in the Philippines because the sales were effected through an independent local indentor, Lipton. The CA relied on testimony establishing that Lipton acted as a bona fide middleman, purchasing or arranging sales in its own name and for its own account, and emphasized the IRR principle that transactions effected through such independent intermediaries do not render the foreign principal as “doing business” in the Philippines. The CA also held that, even if MISCO lacked capacity, the defense was estopped because CMC had contracted with and benefited from MISCO’s supplies; thus CMC could not later challenge MISCO’s capacity to sue.

Supreme Court Issue Presented

The Supreme Court framed the dispositive issue as whether the CA erred in finding that MISCO, or its assignee Monsanto, was not “doing business” in the Philippines and therefore had capacity to sue despite lacking a license. The Court recognized the settled rule that an unlicensed foreign corporation transacting business in the Philippines lacks capacity to sue under Section 133 of the Corporation Code, but also acknowledged that the phrase “doing business” requires case-by-case determination and that PD 1789 and its IRR provide definitions and clarifications.

Supreme Court Reasoning on “Doing Business” and Indentor Doctrine

The Court analyzed the statutory and regulatory language in PD 1789 and its IRR (and compared similar language in RA 7042 and RA 5455), highlighting that those provisions expressly exclude from “doing business” transactions conducted through middlemen acting in their own names — specifically indentors, commercial brokers, or commission merchants. The Court relied on Schmid & Oberly, Inc. v. RJL Martinez Fishing Corp. to explain the nature of an indentor as a middleman who brings about purchases and sales between foreign suppliers and local purchasers, acting to earn commissions and transacting business in its own name and for its own account. Applying these principles to the record, the Court found that Lipton’s established business practices, articles of incorporation, testimony, and mode of operation showed that it acted as an independent indentor transacting in its own name and for its own account. Consequently, MISCO’s use of Lipton did not, under the IRR and the legal framework, constitute MISCO’s “doing business” in the Philippines that would bar its capacity to sue.

Consideration of DBP’s Arguments and Estoppel

The Court addressed DBP’s contention that PD 1789, not RA 7042, governed the transactions and that Lipton did not operate in its own name and account. The Court agreed PD 1789 a

...continue reading

Analyze Cases Smarter, Faster
Jur helps you analyze cases smarter to comprehend faster, building context before diving into full texts. AI-powered analysis, always verify critical details.