Commercial
Remedial
Constitutional
Ponente: GANCAYCO, J.
Decision Date: 1989-02-21
GR Number: G.R. No. 81385
Digest Team
3 months ago
Avg. Rating:
Summary:
This case involves a dispute over the jurisdiction of the ordinary courts in relation to the Securities and Exchange Commission (SEC) and the Sandiganbayan. The petitioners, Eduardo Olaguer and Conrado Reyes, who are fiscal agents of the Presidential Commission on Good Government (PCGG), filed a petition against the Regional Trial Court (RTC) of Manila and several individuals. The complaint filed by the respondents sought an injunction and damages, alleging that the petitioners were usurping their rights as stockholders of Philippine Journalists, Inc. (PJI). The trial court issued a temporary restraining order and a writ of preliminary injunction, which the petitioners sought to have lifted.
Doctrine:
The case establishes that the jurisdiction over controversies arising out of intra-corporate relations between stockholders falls within the original and exclusive jurisdiction of the SEC. Furthermore, when a corporation is sequestered by the PCGG and listed as an involved corporation in a case before the Sandiganbayan, the latter court has exclusive jurisdiction over the corporation and its assets.
Facts:
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Issues Ratio:
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Dispositive:
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Donec enim diam vulputate ut pharetra sit amet aliquam id. Gravida rutrum quisque non tellus. Donec ultrices tincidunt arcu non. Ut aliquam purus sit amet. Pulvinar neque laoreet suspendisse interdum consectetur. Non enim praesent elementum facilisis leo vel fringilla est ullamcorper. Interdum varius sit amet mattis vulputate enim. Sagittis vitae et leo duis ut. Commodo quis imperdiet massa tincidunt nunc pulvinar sapien. Erat imperdiet sed euismod nisi porta. Nulla facilisi nullam vehicula ipsum a arcu cursus vitae. Amet aliquam id diam maecenas ultricies mi eget. Sit amet nulla facilisi morbi tempus iaculis urna id volutpat. Volutpat consequat mauris nunc congue nisi vitae. Sagittis eu volutpat odio facilisis mauris. A arcu cursus vitae congue mauris rhoncus. Amet purus gravida quis blandit. Faucibus vitae aliquet nec ullamcorper sit amet. Sed egestas egestas fringilla phasellus faucibus scelerisque eleifend donec pretium.
Other Notes:
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
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