Title
Supreme Court
Megaworld Properties and Holdings, Inc. vs. Majestic Fice and Investment Co., Inc.
Case
G.R. No. 169694
Decision Date
Dec 9, 2015
A joint venture dispute arose over a 215-hectare development project, with the Supreme Court ruling that reciprocal obligations under the JVA must be mutually fulfilled, overturning lower courts' premature security order.

Case Summary (G.R. No. 169694)

Petitioner

Megaworld Properties and Holdings, Inc.; Empire East Land Holdings, Inc. (assignee); and Andrew L. Tan, collectively charged with performing developer obligations under the joint venture agreement (JVA).

Respondent

Majestic Finance and Investment Co., Inc.; Rhodora Lopez-Lim; and Paulina Cruz, who sought specific performance and interim relief when the developer allegedly failed to maintain round-the-clock security.

Key Dates

• September 23, 1994: JVA executed.
• September 24, 1994: Addendum increasing relocation deposit.
• October 27, 1994: Assignment to Empire East.
• February 29, 2000: Complaint for specific performance filed in RTC Pasig.
• November 5, 2002: RTC orders 24-hour security.
• May 19, 2003: RTC denies motion for reconsideration.
• April 27, 2005: CA dismisses certiorari petition.
• September 12, 2005: CA denies reconsideration.
• December 9, 2015: Supreme Court decision promulgated.
• October 24, 2016: Reported at 775 Phil. 34.

Applicable Law

1987 Philippine Constitution principles on contractual freedom; Civil Code provisions on reciprocal obligations (Articles 1184–1185); Rules of Court on provisional remedies, injunctive relief (Rule 58), and status quo orders.

Joint Venture Agreement Structure and Obligations

The JVA imposed continuous obligations—developer to secure the property from squatters, owner to deliver possession and documents, both to pay taxes—and sequenced activity obligations covering relocation of occupants, development planning, permit acquisition, land development, titling, and lot sales. Each party’s duty was conditioned on the other’s correlative performance.

Dispute and Lower Court Proceedings

When the owner alleged that the developer dismissed security personnel since 1997, it sought interim security relief during pre-trial settlement talks. The developer opposed on grounds of prematurity and the principle of reciprocal obligations. The RTC nonetheless directed ongoing security, and both courts below refused to reconsider.

RTC’s Interim Order and CA’s Ruling

The RTC’s November 5, 2002 order compelled “round-the-clock security” as a preliminary measure. The CA affirmed, finding that the developer’s security obligation arose upon JVA execution and was already demandable; it characterized the order as a justified interim measure unrelated to negotiations or simultaneous performance doctrine.

Supreme Court’s Legal Analysis on Reciprocity of Obligations

The Supreme Court held that the JVA’s duties were reciprocal and subject to simultaneous performance: “neither party incurs delay if the other is not ready to comply.” Owner obligations (e.g., surrendering possession, approving expenses) had not all ripened into demandable undertakings; absent proof of complete owner performance,

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