Mabasa and Co., Inc. v. Unionbank of the Philippines

 [SEC-SICD * CASE NO. 05-96-5336. June 28, 1999.]MABASA AND COMPANY, INC., petitioner,vs.UNIONBANK OF THE PHILIPPINES, respondent.D E C I S I O NThis is a petition filed by Mabasa and Company, Inc. ("Mabasa") on May 13, 1996 against Union Bank of the Philippines ("UBP") to allow the former to inspect the latter's corporate books; to record the transfer of the shares petitioner acquired from Vicente Tan; to replace or to reissue petitioner's total shares plus all dividends due thereon; and, in the event the replacement or reissuance of petitioner's total shares and all dividends arising therefrom is no longer possible, to pay the fair market value thereof and to pay damages. LibLexPetitioner alleges, among others: that from 1970 to the present, it is the owner and holder of Four Thousand Five Hundred Thirty-two (4,532) shares of stock of International Corporate Bank ("ICB":formerly Continental Bank );that sometime in 1970, petitioners acquired from a Mr. Vicente Tan Three Thousand Ninety-eight (3,098) shares of ICB; that on September 16, 1992 and January 19, 1993, petitioner also required ICB...