Title
Korea Exchange Bank vs. Gonzales
Case
G.R. No. 142286-87
Decision Date
Apr 15, 2005
PHDI accused KEB and Aum of fraud over unauthorized loan withdrawals. Jurisdiction, forum shopping, and counterclaim requirements were contested, leading to Supreme Court rulings favoring KEB.

Case Summary (G.R. No. 142286-87)

Antecedents of the Case

The PHDI was established as a domestic corporation, with Jae Il Aum, a Korean national, acting as its president. The corporation secured a US$500,000 loan from KEB, which was allegedly intended to be deposited at KEB in PHDI's name. However, Jae Il Aum was accused of unlawfully withdrawing large sums from PHDI's accounts without authorization, including withdrawals made by forgeries.

Initial Complaints and Legal Proceedings

On September 5, 1996, plaintiffs, including PHDI and its incorporators, filed a complaint against KEB and Jae Il Aum for damages and accounting regarding the wrongful withdrawals. A counteraction followed from KEB, filing a complaint for the reformation of a real estate mortgage and the collection of the originally loaned amount, which led to additional complications regarding jurisdiction and claims.

Jurisdictional Challenges

KEB's motion to dismiss the initial complaint involved claims of exclusive SEC jurisdiction, among others. The Regional Trial Court denied these motions, asserting its jurisdiction over the matter, which led KEB to seek a writ of certiorari from the Court of Appeals. The Appellate Court later upheld the RTC's jurisdiction to hear the case.

Concurrent Legal Actions

While the RTC and KEB were handling concurrent cases—Civil Case Nos. G-3012 and G-3119—the issue of forum shopping arose as PHDI and its individuals sought to recover damages through counterclaims in the action initiated by KEB. PHDI's claims were for moral and exemplary damages, which were argued to have significant overlap with the defenses brought up in their initial complaint.

Rulings on Forum Shopping

The Court of Appeals ruled on the overlap of claims and defenses in the actions, leading to the dismissal of PHDI's counterclaims in one case based on the finding of forum shopping, which is characterized by the filing of multiple claims in different courts involving identical parties and causes of action.

Nature of Counterclaims

The ruling distinguishes between compulsory and permissive counterclaims, determining that PHDI's claims for moral and exemplary damages were permissive rather than compulsory, requiring them to attach a certification of non-forum shopping to their co

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