[SEC-SICD * CASE NO. 05-98-5983. April 8, 1999.]
WEBTV NETWORKS INC., petitioner, vs. WEBTV PHILIPPINES INC. (formerly WEB TV TRADING, INC.), respondent.
D E C I S I O N
This is a petition requiring the respondent to change its corporate name by deleting the phrase "Web TV". caHASI
The records of the herein case show that respondent failed to file answer. As a result thereof, respondent was declared in default in an Order dated August 11, 1998.
The facts of the case as established by evidence are as follows:
Petitioner Web TV Networks Inc. is a corporation organized under the laws of the state of California, U.S.A. founded in June 1995 with address at 305 Lytton Avenue, Palo Alto, California, 94301, U.S.A. Petitioner is not doing business in the Philippines and is suing to protect its intellectual property rights. It is represented in the Philippines by its counsel and attorney-in-fact Quisumbing Torres. (Exhs. "A", "A-1", "A-1-a", "B" to "B- 3", "G" and "II").
Respondent Web TV Trading, Inc. (Now Web TV Philippines, Inc.) on the other hand, is a stock corporation...