August 1, 2000
GUIDELINES ON INTRA-CORPORATE CASES PENDING BEFORE THE SICD AND THE COMMISSION EN BANC OF THE SECURITIES AND EXCHANGE COMMISSION
Pursuant to paragraph 5.2, Section 5 of Republic Act No. 8799, otherwise known as The Securities Regulation Code, the following guidelines on the disposition of cases before the SICD and the Commission En Banc prior to the transfer of Commission's jurisdiction over all cases enumerated under Section 5 of Presidential Decree No. 902-A and corporate recovery/rehabilitation cases to the Courts of general jurisdiction or the appropriate Regional Trial Courts are hereby issued for strict compliance by all concerned. ETIHCa
SECTION 1. Intra-corporate and suspension of payments or rehabilitation cases may still be filed with the Securities and Exchange Commission on or before August 8, 2000. However, the parties-litigants or their counsels or representatives shall be advised that the jurisdiction of the Commission over these cases shall be eventually transferred to the Regional Trial Courts upon effectivity of The Securities Regulation Code by August 9, 2000.
SECTION 2. Prayer for temporary restraining order or injunction or suspension of...
