Requirement of Bond for Appeals Involving Monetary Awards
- Appeals by employers involving monetary awards must be perfected by posting a cash or surety bond.
- The bond must be issued by a reputable bonding company accredited by the NLRC or the Supreme Court.
- The bond should be equivalent to the monetary award ordered by the Labor Arbiter, POEA Administrator, or Regional Director's hearing officer.
- The Commission may reduce the bond amount in meritorious cases upon Motion of the Appellant.
- The provision that excluded moral and exemplary damages and attorney's fees from the bond requirement was deleted, indicating the bond must cover the entire monetary award.
Effectivity of the Amendment
- The amendments take effect ten (10) days after publication in at least two newspapers of general circulation.
Legal Authority and Adoption
- The amendments were adopted en banc by the National Labor Relations Commission on November 7, 1991.
- The amendments are pursuant to Article 218(a) of the Philippine Labor Code as amended.
- Signed by the Chairman and all Commissioners of the NLRC, affirming official promulgation and authority.