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Prof. Joselito Guianan Chan's The Labor Code of the Philippines, Annotated Labor Standards & Social Legislation Volume I of a 3-Volume Series 2019 Edition (3rd Revised Edition)
 

 
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UNITED STATES SUPREME COURT JURISPRUDENCE
 

 
PHILIPPINE SUPREME COURT JURISPRUDENCE
 

   
November-2015 Jurisprudence                 

  • G.R. No. 192955, November 09, 2015 - EDILBERTO P. ETOM, JR., Petitioner, v. AROMA LODGING HOUSE THROUGH EDUARDO G. LEM, PROPRIETOR AND GENERAL MANAGER, Respondent.

  • G.R. No. 197458, November 11, 2015 - NICANOR PINLAC Y RESOLME, Petitioner, v. PEOPLE OF THE PHILIPPINES, Respondent.

  • G.R. No. 197802, November 11, 2015 - ZUNECA PHARMACEUTICAL, AKRAM ARAIN AND/OR VENUS ARAIN, M.D. DBA ZUNECA PHARMACEUTICAL, Petitioners, v. NATRAPHARM, INC., Respondent.

  • G.R. No. 179121, November 09, 2015 - MARGARITA M. BENEDICTO-MUŅOZ, Petitioner, v. MARIA ANGELES CACHO-OLIVARES, EDGARDO P. OLIVARES, PETER C. OLIVARES, CARMELA Q. OLIVARES, MICHAEL C. OLIVARES, ALEXANDRA B. OLIVARES, AND MELISSA C. OLIVARES, Respondents.; G.R. NO. 179128 - ABACUS SECURITIES CORPORATION AND JOEL CHUA CHIU, Petitioners, v. MARIA ANGELES CACHO-OLIVARES, PETER C. OLIVARES, CARMELA Q. OLIVARES, MICHAEL Q. OLIVARES, ALEXANDRA B. OLIVARES, [and] MELISSA C. OLIVARES, Respondents.; G.R. NO. 179129 SAPPHIRE SECURITIES, INC., Petitioner, v. MARIA ANGELES CACHO-OLIVARES, EDGARDO P. OLIVARES, PETER C. OLIVARES, CARMELA Q. OLIVARES, MICHAEL C. OLIVARES, ALEXANDRA B. OLIVARES, MELISSA C. OLIVARES, AND THE HON. COURT OF APPEALS, NINTH DIVISION, Respondents.

  • G.R. Nos. 217126-27, November 10, 2015 - CONCHITA CARPIO MORALES, IN HER CAPACITY AS THE OMBUDSMAN, Petitioner, v. COURT OF APPEALS (SIXTH DIVISION) AND JEJOMAR ERWIN S. BINAY, JR., Respondents.

  • A.M. No. P-15-3391, November 16, 2015 - RE: INCIDENT REPORT RELATIVE TO A CRIMINAL CASE FILED AGAINST ROSEMARIE U. GARDUCE, CLERK III, OFFICE OF THE CLERK OF COURT (OCC), REGIONAL TRIAL COURT (RTC), PARANAQUE CITY

  • G.R. No. 207041, November 09, 2015 - PEOPLE OF THE PHILIPPINES, REPRESENTED BY THE OFFICE OF THE CITY PROSECUTOR, DEPARTMENT OF JUSTICE, ROXAS CITY, Petitioner, v. JESUS A. ARROJADO, Respondent.

  • G.R. No. 176908, November 11, 2015 - PURISIMO M. CABAOBAS, EXUPERIO C. MOLINA, GILBERTO V. OPINION, VICENTE R. LAURON, RAMON M. DE PAZ, JR., ZACARIAS E. CARBO, JULITO G. ABARRACOSO, DOMINGO B. GLORIA, AND FRANCISCO P. CUMPIO, Petitioners, v. PEPSI-COLA PRODUCTS, PHILIPPINES, INC., Respondents.

  • G.R. No. 196083, November 11, 2015 - MILAGROS C. REYES, Petitioner, v. FELIX P. ASUNCION, Respondent.

  • A.C. No. 10671, November 25, 2015 - JOSEPH C. CHUA, Complainant, v. ATTY. ARTURO M. DE CASTRO, Respondent.

  • G.R. No. 199601, November 23, 2015 - PHILIPPINE COMMERCIAL INTERNATIONAL BANK (NOW BDO UNIBANK, INC., Petitioner, v. JOSEPHINE D. GOMEZ, Respondent.

  • G.R. No. 173864, November 23, 2015 - BANGKO SENTRAL NG PILIPINAS, Petitioner, v. AGUSTIN LIBO-ON, Respondent.

  • A.C. No. 10737, November 09, 2015 - ROLANDO TOLENTINO, Complainant, v. ATTY. RODIL L. MILLADO AND ATTY. FRANCISCO B. SIBAYAN, Respondents.

  • G.R. No. 193158, November 11, 2015 - PHILIPPINE HEALTH INSURANCE CORPORATION, Petitioner, v. OUR LADY OF LOURDES HOSPITAL, Respondent.

  • G.R. No. 214502, November 25, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. FRANCO DARMO DE GUZMAN Y YANZON, A.K.A. DARMO YAZON Y CORTEZ, A.K.A. FRANCO DE GUZMAN Y CORTEZ, Accused-Appellant.

  • G.R. No. 202611, November 23, 2015 - ABNER MANGUBAT, Petitioner, v. BELEN MORGA-SEVA, Respondent.

  • A.C. No. 7353, November 16, 2015 - NELSON P. VALDEZ, Petitioner, v. ATTY. ANTOLIN ALLYSON DABON, JR., Respondent.

  • G.R. No. 197925, November 09, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. EDWIN DALAWIS Y HIDALGO, Accused-Appellant.

  • G.R. No. 213330, November 16, 2015 - ALELI C. ALMADOVAR, GENERAL MANAGER ISAWAD, ISABELA CITY, BASILAN PROVINCE, Petitioner, v. CHAIRPERSON MA. GRACIA M. PULIDO-TAN, COMMISSION ON AUDIT, Respondent.

  • G.R. No. 202859, November 11, 2015 - NEW FILIPINO MARITIME AGENCIES, INC., TAIYO NIPPON KISEN CO., LTD., AND ANGELINA T, RIVERA, Petitioners, v. VINCENT H. D ATAYAN -HEIR OF SIMON VINCENT H. DATAYAN III, Respondent.

  • A.M. No. MTJ-10-1760, November 16, 2015 - OFFICE OF THE COURT ADMINISTRATOR, Petitioner, v. RETIRED JUDGE FILEMON A. TANDINCO, MUNICIPAL TRIAL COURT IN CITIES (MTCC), CALBAYOG CITY, SAMAR AND RONALDO C. DIONEDA, CLERK OF COURT OF THE MTCC, CALBAYOG CITY, SAMAR, Respondent.

  • G.R. No. 195654, November 25, 2015 - REYNALDO INUTAN, HELEN CARTE, NOEL AYSON, IVY CABARLE, NOELJAMILI, MARITES HULAR, ROLITOAZUCENA, RAYMUNDO TUNOG, ROGER BERNAL, AGUSTEV ESTRE, MARILOU SAGUN, AND ENRIQUE LEDESMA, JR., Petitioners, v. NAPAR CONTRACTING & ALLIED SERVICES, NORMAN LACSAMANA, JONAS INTERNATIONAL, INC., AND PHILIP YOUNG, Respondent.

  • G.R. No. 179257, November 23, 2015 - UNITED ALLOY PHILIPPINES CORPORATION, Petitioner, v. UNITED COCONUT PLANTERS BANK [UCPB] AND/OR PHILIPPINE DEPOSIT INSURANCE CORPORATION [PDIC], JAKOB VAN DER SLUIS AND ROBERT T.CHUA, Respondent.

  • G.R. No. 187464, November 25, 2015 - CABIB ALONTO TANOG, Petitioner, v. HON. RASAD G. BALINDONG, Acting Presiding Judge, Regional Trial Court, Branch 8, 12th Judicial Region, MARAWI CITY, AND GAPO SIDIC, Respondent.

  • G.R. No. 205760, November 09, 2015 - FRANCISCO T. INOCENCIO, Petitioner, v. PEOPLE OF THE PHILIPPINES, Respondent.

  • G.R. No. 199087, November 11, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. JERRY PUNZALAN AND PATRICIA PUNZALAN, Accused-Appellants.

  • G.R. No. 203883, November 10, 2015 - HOMEOWNERS ASSOCIATION OF TALAYAN VILLAGE INC., Petitioner, v. J.M. TUASON & CO., INC., TALAYAN HOLDINGS, INC., QUEZON CITY MAYOR AND EQUITABLE BANKING CORPORATION (NOW BANCO DE ORO BANKING CORPORATION), Respondents.; G.R. NO. 203930 - J.M. TUASON & CO., AND TALAYAN HOLDINGS, INC., Petitioner, v. HOMEOWNERS ASSOCIATION OF TALAYAN VILLAGE, INC. AND QUEZON CITY MAYOR, Respondent.

  • G.R. No. 217456, November 24, 2015 - MARILOU S. LAUDE AND MESEHILDA S. LAUDE, Petitioners, v. HON. ROLINE M. GINEZ-JABALDE, PRESIDING JUDGE, BRANCH 74, REGIONAL TRIAL COURT OF THE CITY OF OLONGAPO; HON. PAQUITO N. OCHOA, JR., EXECUTIVE SECRETARY; HON. ALBERT F. DEL ROSARIO, SECRETARY OF THE DEPARTMENT OF FOREIGN AFFAIRS; HON. GEN. GREGORIO PIO P. CATAPANG, CHIEF OF STAFF OF THE ARMED FORCES OF THE PHILIPPINES; HON. EMILIE FE DELOS SANTOS, CHIEF CITY PROSECUTOR OF OLONGAPO CITY; AND L/CPL JOSEPH SCOTT PEMBERTON, Respondent.

  • G.R. No. 202664, November 20, 2015 - MANUEL LUIS C. GONZALES AND FRANCIS MARTIN D. GONZALES, Petitioners, v. GJH LAND, INC. (FORMERLY KNOWN AS S.J. LAND, INC.), CHANG HWAN JANG A.K.A. STEVE JANG, SANG RAK KIM, MARIECHU N. YAP, AND ATTY. ROBERTO P. MALLARI II, Respondent.

  • G.R. No. 193821, November 23, 2015 - PHIL-AIR CONDITIONING CENTER, Petitioner, v. RCJ LINES AND ROLANDO ABADILLA, JR., Respondent.

  • A.C. No. 8507, November 10, 2015 - ELENA BIETE LEONES VDA. DE MILLER, Complainant, v. ATTY. ROLANDO B. MIRANDA, Respondent.

  • G.R. No. 211056, November 10, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. BIENVENIDO REMEDIOS y SARAMOSING, Accused-Appellant.

  • G.R. No. 205915, November 10, 2015 - ASSET POOL A (SPV-AMC), INC., Petitioner, v. CLARK DEVELOPMENT CORPORATION, Respondent. - JUDGMENT [BASED ON COMPROMISE AGREEMENT]

  • G.R. No. 203087, November 23, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. EDGARDO ZABALA y BALADA AND ROMEO ALBIUS JR. y BAUTISTA, Accused-Appellants.

  • G.R. No. 201830, November 10, 2015 - OFFICE OF THE OMBUDSMAN, REPRESENTED BY HON. CONCHITA CARPIO MORALES, IN HER CAPACITY AS TANODBAYAN, AND HON. GERARD A. MOSQUERA, IN HIS CAPACITY AS DEPUTY OMBUDSMAN FOR LUZON, Petitioners, v. ROGER F. BORJA, Respondent.; G.R. NO. 201882 - LERMA S. PRUDENTE AND DAMASO T. AMBRAY, Petitioners, v. ROGER F. BORJA, Respondent.

  • G.R. No. 188372, November 25, 2015 - BEAMS PHILIPPINE EXPORT CORPORATION, Petitioner, v. MARIANITA CASTILLO AND NIDA QUIRANTE, Respondents.

  • G.R. No. 195194, November 25, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. KAMAD AKMAD Y ULIMPAIN @ "MHADS" AND BAINHOR AKMAD Y ULIMPAIN @ "BHADS,", Accused-Appellants.

  • G.R. No. 188118, November 23, 2015 - FEDERAL PHOENIX ASSURANCE CO., LTD., Petitioner, v. FORTUNE SEA CARRIER, INC., Respondent.

  • G.R. No. 207105, November 10, 2015 - ARSENIO A. AGUSTIN, Petitioner, v. COMMISSION ON ELECTIONS AND SALVADOR S. PILLOS, Respondent.

  • G.R. No. 210616, November 25, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. EDDIE SALIBAD Y DILO, Accused-Appellant.

  • G.R. No. 174115, November 09, 2015 - PUNONGBAYAN AND ARAULLO (P&A), BENJAMIN R. PUNONGBAYAN., JOSE G. ARAULLO, GREGORIO S. NAVARRO, ALFREDO V. DAMIAN AND JESSIE C. CARPIO, Petitioners, v. ROBERTO PONCE LEPON, Respondent.

  • G.R. No. 189229, November 23, 2015 - REYNALDO NOBLADO, JIMMY ARAGON, ARTURO MALAYO, MARCIANO VICTORIA, ELINO DALANON, JOSE ESTRIL, DOMINGO MALUPENG, ALFREDIE RAYTA, ROMULO RECOMES, ADRIAN VERCELES, RUEL MAD RON A, RUBEN MIRAFUENTES, ARNULFO MALAYO, JAIME REMIAS, JELMER BEROLLA, EDIL CASTILLO, FELICIDAD ROSIMA, MITCHEL VICTORIA, DANIEL MALUPENG, ZOSIMO RANAS, ROSIETA RAYTA, RAFAEL TUMIMBANG, FLORENCIO VICTORIA, ERNESTO VICTORIA, CERIA ORTIZ, RAUL ADRA, AND VICENTE CUACHIN, SUBSTITUTED BY HIS LEGAL HEIRS, NAMELY: LILIA LORENO CUACHIN, NILO L. CUACHIN, LEONARDO L. CUACHIN, JUDITH L. CUACHIN, VILMA CUACHIN LLANZANA, ELVIE CUACHIN MANTES, CRISTINA CUACHIN SARCIA, LILIBETH CUACHIN BELORIA, AIDA CUACHIN MIRANDILLA, JULIET CUACHIN AWA, Petitioners, v. PRTNCESITA K. ALFONSO, Respondent.

  • G.R. No. 208842, November 10, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. REYNALDO SIMBULAN ARCEO, Accused-Appellant.

  • G.R. No. 162032, November 25, 2015 - RURAL BANK OF MALASIQUI, INC., Petitioner, v. ROMEO M. CERALDE AND EDUARDO M. CERALDE, JR., Respondent.

  • G.R. No. 175378, November 11, 2015 - MULTI-INTERNATIONAL BUSINESS DATA SYSTEM, INC., Petitioner, v. RUEL MARTINEZ, Respondent.

  • A.M. No. P-11-2992 (Formerly A.M. No. 11-8-156-RTC), November 09, 2015 - OFFICE OF THE COURT ADMINISTRATOR, Complainant, v. ROGER D. COREA, SHERIFF IV, REGIONAL TRIAL COURT, BRANCH 39, POLOMOLOK, SOUTH COTOBATO, Respondent.

  • G.R. No. 215471, November 23, 2015 - MARLOW NAVIGATION PHILIPPINES INC., MARLOW NAVIGATION CO. LTD./ CYPRUS, LIGAYA C. DELA CRUZ AND ANTONIO GALVEZ, JR., Petitioners, v. BRAULIO A. OSIAS, Respondent.

  • G.R. No. 210603, November 25, 2015 - EDITHA B. SAGUIN AND LANI D. GRADO, Petitioners, v. PEOPLE OF THE PHILIPPINES, Respondent.

  • G.R. No. 209284, November 10, 2015 - RENEE B. TANCHULING, AND THE HEIRS OF VICENTE N. Y. TANCHULING, NAMELY REBECCA TANCHULING-TAN, RITA TANCHULING-MAPA, ROSEMARIE TANCHULING-SALINAS, AND VINCENT RAYMOND B. TANCHULING, Petitioners, v. SOTERO C. CANTELA, Respondent.

  • G.R. No. 206593, November 10, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. RAMONITO B. ASIGNAR, Accused-Appellant.

  • G.R. No. 213679, November 25, 2015 - JAY H. LICAYAN, Petitioner, v. SEACREST MARITIME MANAGEMENT, INC., CLIPPER FLEET MANAGEMENT, A/S AND/OR REDENTOR ANAYA, Respondent.

  • G.R. No. 192629, November 25, 2015 - FILINVEST LAND, INC., Petitioner, v. EDUARDO R. ADIA, LITO M. ADIGUE, CANDIDO M. AMPARO, MARINO S. AMPARO, RODOLFO S. AMPARO, FLORDELIZA L. ARIAS, BALBINO M. ATIENZA, PEDRO M. ATIENZA, DALMACIO C. AVANILLA, PASTOR M. AVANILLA, VENACIO P. BAUTISTA, RODOLFO S. BERGADO, ENRIQUE R. BRABANTE, EMMA D. BUBAN, JUANITO A. CANDARE, ROMEO O. CANDARE, ANTONIO M. CATAPANG, EDUARDO A. CATAPANG, GRACIANO C. CATAPANG, HERMINIO V. CATAPANG, JUANA P. CATAPANG, REYNALDO P. CATAPANG, ROMEO A. CATAPANG, RODOLFO A. CATAPANG, VICTORIANO A. CATAPANG, JUAN D. CENTOS, FERNANDO B. CERNETCHEZ, EDUARDO C. CREENCIA, ARNEL N. M. CREMA, REYNALDO B. CRISTAL, MOISES CUBCUBIN, DELSO POBLETO, SALVADOR M. DE LEON, MELQUIADES P. DESCALSO, GREGORIO P. DINO, ROBERTO L. DOMINO, CELSO R. ESCALLAR, ARMAND P. ESCUADRO, ELISA C. FELICIANO, PASTOR C. FERRER, ERLINDO M. FORMARAN, LEONARDO D. GARINO, RAFAEL R. GRANADO, ALMARIO IBANEZ, CASIMIRO P. IBANEZ, CEFERINO P. IBANEZ, MIGUEL V. IBANEZ, MONTANO V. IBANEZ, CESAR N. JECIEL, ALFREDO B. LAURENTE, EFIGENIA B. LAURENTE, CELSO C. MEDINA, EDUARDO A. PANGANIBAN, ROMEO C. PASCUA, DANILO L. PAULMINO, LAURO A. PEGA, LEONARDO M. PEREZ, FELIPE V. PETATE, LEONARDO V. PETATE, ESTANISLAO PORTO, MAXIMO D. PORTO, GREGORIO L. REYES, JOSE L. REYES, LEONARDO M. SALINGYAGA, DEMETRIO A. SALONGA, MANOLITO G. SORILLA, HERMOGENES L. TORRES, JUANITO M. TORRES, MARIANO B. TAGLE, MARIO D. TAGLE, AND SANCHO V. VILLA, Respondents.

  • G.R. No. 185058, November 09, 2015 - JOVITA S. MANALO, Petitioner, v. ATENEO DE NAGA UNIVERSITY, FR. JOEL TABORA AND MR. EDWIN BERNAL, Respondent.

  • G.R. No. 217380, November 23, 2015 - PEOPLE OF THE PHILIPPINES, Plaintiff-Appellee, v. EDUARDO CUESTA Y ASTORGA A.K.A BOYET CUBILLA Y QUINTANA, Accused-Appellant.

  • G.R. No. 189509, November 23, 2015 - METROPOLITAN BANK & TRUST COMPANY, Petitioner, v. G & P BUILDERS, INCORPORATED, SPOUSES ELPIDIO AND ROSE VIOLET PARAS, SPOUSES JESUS AND MA. CONSUELO PARAS AND VICTORIA PARAS, Respondents.

  • G.R. No. 208844, November 10, 2015 - F & S VELASCO COMPANY, INC., IRWIN J. SEVA, ROSINA B. VELASCO-SCRIBNER, MERCEDEZ SUNICO, AND JOSE SATURNINO O. VELASCO, Petitioners, v. DR. ROMMEL L. MADRID, PETER PAUL L. DANAO, MANUEL L. ARIMADO, AND MAUREEN R. LABALAN, Respondents.

  • G.R. No. 170458, November 23, 2015 - REPUBLIC OF THE PHILIPPINES, REPRESENTED BY ASSET PRIVATIZATION TRUST, NOW PRIVATIZATION AND MANAGEMENT OFFICE (PMO), Petitioner, v. VIRGILIO M. TATLONGHARI, DOMINGO P. UY, GUILLERMO P. UY, HINOSAN MOTORS CORPORATION, AND WESTERN GUARANTY CORPORATION, Respondents.

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    G.R. No. 205915, November 10, 2015 - ASSET POOL A (SPV-AMC), INC., Petitioner, v. CLARK DEVELOPMENT CORPORATION, Respondent. - JUDGMENT
[BASED ON COMPROMISE AGREEMENT]

      G.R. No. 205915, November 10, 2015 - ASSET POOL A (SPV-AMC), INC., Petitioner, v. CLARK DEVELOPMENT CORPORATION, Respondent. - JUDGMENT [BASED ON COMPROMISE AGREEMENT]

    PHILIPPINE SUPREME COURT DECISIONS

    FIRST DIVISION

    G.R. No. 205915, November 10, 2015

    ASSET POOL A (SPV-AMC), INC., Petitioner, v. CLARK DEVELOPMENT CORPORATION, Respondent.

    JUDGMENT
    [BASED ON COMPROMISE AGREEMENT]

    BERSAMIN, J.:

    The petitioner was the transferee and successor-in-interest of United Coconut Planters Bank (UCPB) and Metropolitan Bank and Trust Company (Metrobank) who were the secured creditors of Mondragon Leisure and Resorts Corporation (MLRC) for its working capital requirements in the development and operation of the Tourism Estate Phase I that eventually became known as the Mimosa Leisure Estate (MLE).

    This case was the appeal of the petitioner of the adverse decision promulgated on September 4, 2012 in CA-G.R. SP No. 104129,1 whereby the Court of Appeals (CA) dismissed its petition for certiorari assailing the June 24, 2008 order issued by the Regional Trial Court (RTC), Branch 62, in Angeles City, Pampanga in Civil Case No. 13926, an action for specific performance and damages brought by the petitioner to compel the respondent to include the claims of the secured creditors in the documents attendant to the bidding for the privatization of the MLE.2 Also assailed through the petition for certiorari was the CA resolution promulgated on February 7, 2013,3 whereby the CA denied its motion for reconsideration.

    On August 19, 2015, and still during the pendency of this appeal, the respondent announced that the privatization of MLE would again be open for public bidding.4 It issued the 2015 Terms of Reference (2015 TOR) setting the submission, opening and evaluation of bids on October 13, 2015. The schedule was later moved to October 27, 2015.5

    Acting on the petitioner's Very Urgent Motion for Issuance of a Temporary Restraining [Order]/Status Quo Order,6 the Court issued a temporary restraining order (TRO) on October 21, 2015 to enjoin the respondent, its agents and representatives from implementing the 2015 TOR, or from proceeding in any manner with the disposal of the MLE.7

    On November 6, 2015, the parties submitted their Urgent Joint Motion to Render Judgment Based on a Compromise Agreement and Lift the Temporary Restraining Order dated October 21, 2015 for the purpose of terminating their pending disputes. They attached the compromise agreement and its annexes.

    The compromise agreement is reproduced verbatim, to wit:chanRoblesvirtualLawlibrary

    COMPROMISE AGREEMENT

    THE PUBLIC IS INFORMED:

    This Agreement is made and entered into by:
    CLARK DEVELOPMENT CORPORATION, a government-owned and controlled corporation duly organized and existing under the laws of the Republic of the Philippines, with postal office address at Bldg. 2122, E. Quirino St., Clark Freeport Zone, Philippines, herein represented by its President and Chief Executive Officer, ARTHUR P. TUGADE, duly authorized for the purpose of this Agreement under Board Resolution No. RM-10-04, Series of 2015. hereinafter referred to as "CDC",

    -and-

    ASSET POOL "A" (SPV-AMC), INC., a corporation duly organized and existing under Philippine laws with principal office address at Unit 1406, 14/F Ayala Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City and office address at No. 502, PhilDAF Building, 407 Sen. Gil Puyat Avenue, Makati City 1200, herein represented by its Director, HERBERT YU, duly authorized for the purpose of this Agreement under Board Resolution dated November 5, 2015, hereinafter referred to as "APA".

    Either CDC or APA is referred to as a "party", while both shall be referred to as the "parties".

    ANTECEDENTS

    x x x x
    ACCORDINGLY, in view of the foregoing premises, and the covenants hereinafter provided, the parties hereby agree as follows:
    1. Upon approval of this Compromise Agreement by the Supreme Court, CDC to pay APA the sum of PhP277.413 Million in Manager's or Cashier's Check representing the secured creditor's 12.5% share in the gross gaming revenues of the Regency Casino for the period up to 30 June 2015 pursuant to Section 6 of the 20 February 2004 MOA.

    2. Upon signing of this Compromise Agreement, APA and CDC shall jointly file the URGENT JOINT MOTION TO RENDER JUDGMENT BASED ON A COMPROMISE AGREEMENT and LIFT THE TEMPORARY RESTRAINING ORDER DATED OCTOBER 21, 2015 before the Supreme Court in Asset Pool A [SPV-AMC], Inc. vs. Clark Development Corporation, G.R. No. 205915.

    3. APA and CDC, within seven (7) working days upon approval by the Supreme Court of this Compromise Agreement, shall file the appropriate pleading for the withdrawal and/or dismissal with prejudice of all cases stated in Appendix I of this Agreement. Should there be cases between APA and CDC that were not included and/or omitted in Appendix I due to the lack of knowledge of the parties or any reason at all, the said cases shall be deemed included and be deemed withdrawn and/or dismissed accordingly.

    4. As agreed and committed by APA, MLRC shall file the appropriate pleading for the withdrawal and/or dismissal with prejudice of all cases between MLRC and CDC listed in Appendix II of this Agreement.  The pleadings embodying MLRC's agreement to the withdrawal and/or dismissal of the cases with prejudice shall be submitted by APA to CDC within 7 working days upon approval by the Supreme Court of this Compromise Agreement.

    5. Failure of APA to file or submit the necessary pleading/s under Sections 3 & 4 of this Agreement entitles CDC not to release the amount provided for under Section 7.1 of this Agreement until all the necessary pleadings for the withdrawal and/or dismissal of all cases listed in Appendices I and II are filed or submitted.

    6. The agreed revenue share from the Regency Casino operations will continue to accrue until successful privatization of the MLE. CDC shall pay APA its share in the Regency Casino annually until the date of signing of the Lease Agreement with the winning bidder. APA's entitlement to the revenue share from the Regency Casino shall cease in case of closure of said casino.

    7. In the event of successful privatization of the MLE:chanRoblesvirtualLawlibrary

      7.1 The total amount of PhP765 Million to be sourced out from the proceeds of the privatization of the MLE shall be released by CDC to APA upon signing of the Lease Agreement with the winning bidder of the MLE and payment of the consideration to CDC pursuant to Section 8 of the 20 February 2004 MOA. This provision shall likewise apply in case of successful privatization in the future.

      7.2 Should the ongoing and future privatization fail, CDC does not have any obligation to release the amount of PhP76S Million to APA. It is the understanding by the parties that the payment by CDC to APA on this regard shall be sourced from the proceeds of the privatization paid to CDC by winning bidder.

    8. In consideration of the execution and approval by the Supreme Court of this Agreement, both parties further agree as follows:chanRoblesvirtualLawlibrary

      8.1 All the derivative rights, privileges, interests and obligations of APA over the MLE or pertaining to the Secured Creditors are hereby waived, consolidated and assigned in favor of CDC.

      8.2 The parties shall forever waive all other claims and counterclaims against each other, whether in the form of money claims, damages, attorney's fees and cost of suit, and agree not to file any case of any kind or nature whatsoever arising from the same facts, incident, claim, cause or causes of action.

      8.3 The parties hereby accept this Agreement as the full and final settlement of all their claims, rights, and causes of action arising out of or in any way connected with the cases stated in Appendix I of this Agreement.

      8.4 This Agreement shall not in any way be construed as an admission on the part of any party of any fault, negligence or liability of whatever kind and nature, in connection with all the cases included in this Agreement.

      8.5 All parties shall bear their respective litigation expenses, attorney's fees and all other incidental expenses incurred in relation to or with respect to the cases stated in this Agreement.

      8.6 The Parties acknowledge the full settlement of its mutual rights, obligations and claims against each other arising from the 20 February 2004 MOA such that the obligations arising therefrom are deemed fully performed with the execution and compliance by the parties of their respective obligations under this Agreement.

    9. Both parties confirm that they have read and understood the contents of this Agreement and that they voluntarily signed the same.

    10. This Agreement shall take effect upon approval by the Supreme Court in G.R. No. 205915.
    SIGNED by the Parties this 06 November 2015 at Quezon City.

    CLARK DEVELOPMENT CORPORATION

    By:chanRoblesvirtualLawlibrary

    (Signed)
    ARTHUR P. TUGADE
    President and Chief Executive Officer

    ASSISTED BY:

    OFFICE OF THE GOVERNMENT CORPORATE COUNSEL
    3rd Floor, MWSS Administration Building Katipunan Road,
    Balara, Quezon City

    ELPIDIO J. VEGA
    Deputy Government Corporate Counsel
    Officer-In-Charge
    IBP O.R. 991612, 1/13/15, Davao City
    Roll of Attorneys 32618
    MCLH Exemption IV-582, 2/15/13

    (Signed)
    EFREN B. GONZALES
    Assistant Government Corporate Counsel
    IBP Life Member Roll 06383, 1/10/07, Manila
    Roll of Attorneys 30977
    MCLE Exemption IV-581, 2/15/13

    MA. DOLORES M. RIGONAN
    Assistant Government Corporate Counsel
    IBP Life Member Roll 06385, 11/18/08, Quezon City
    Roll of Attorneys 36023
    MCLE Compliance IV-0022898, 1/22/14

    JONATHAN C. NICOLAS
    Government Corporate Attorney
    IBP Life Member Roll 7567; Bulacan
    Roll of Attorneys 55410
    MCLE Compliance IV-4630; 2/23/2012

    BEVERLY T. MANZANO
    Government Corporate Attorney
    IBP Life Member Roll 7567; Bulacan
    Roll of Attorneys 50571
    MCLE Compliance V-0005463, 1/14/2015

    ASSET POOL A SPV-AMC, INC.

    By:chanRoblesvirtualLawlibrary

    (Signed)
    HERBERT YU
    Director

    ASSISTED BY:

    THE LAW FIRM OF LUCENARIO DOMINGO ROMBAOA
    & ASSOCIATES

    By:
    (Signed)
    DARWIN F. CANO
    Roll No. 59433
    PTR No. 0560935/Jan. 05, 2015/Q.C.
    IBP No. 0981309/Jan. 05, 2015/Q.C.
    MCLE No. IV-0017317/April 17, 20138
    cralawlawlibrary

    A compromise agreement is a contract whereby the parties, by making reciprocal concessions, avoid a litigation or put an end to one already commenced.9 According to Article 2029 of the Civil Code, the court shall endeavor to persuade the parties in a civil case to agree upon some fair compromise. The contracting parties may establish such stipulations, clauses, terms and conditions as they may deem convenient, provided such stipulations, clauses, terms and conditions are not contrary to law, morals, good customs, public order, or public policy.10 Once the parties have entered into a compromise, their agreement has the effect and authority of res judicata, but there shall be no execution except in compliance with a judicial compromise.11 Such means of dispute settlement is an accepted, even desirable and encouraged, practice in courts of law and administrative tribunals.12

    WHEREFORE, in light of the foregoing, the Court APPROVES the Compromise Agreement dated November 6, 2015; RENDERS judgment in accordance with its terms and stipulations; and ENJOINS the parties to comply with its terms and stipulations in utmost good faith.

    The Court LIFTS and SETS ASIDE the temporary restraining order issued on October 21, 2015; and DISMISSES this appeal without pronouncement on costs of suit.

    SO ORDERED.chanroblesvirtuallawlibrary

    Sereno, C.J., Leonardo-De Castro, Bersamin, Perez, and Perlas-Bernabe, JJ., concur.

    Endnotes:


    1Rollo, pp. 12-33; penned by Associate Justice Agnes Reyes-Carpio, with Associate Justice Rosalinda Asuncion-Vicente (retired) and Associate Justice Priscilla J. Baltazar-Padilla concurring.

    2 Id. at 140-141.

    3 Id. at 35-36.

    4 Id. at 805.

    5 Id. at 788. 895.

    6 Id. at 787-804.

    7 Id. at 898-900.

    8 Id. at 905-920.

    9 Article 2028, Civil Code.

    10 Article 1306, Civil Code.

    11 Article 2037, Civil Code.

    12Tankicing v. Alarm, G.R. No. I 8 1675, June 22, 2009, 590 SCRA 480, 493.

    G.R. No. 205915, November 10, 2015 - ASSET POOL A (SPV-AMC), INC., Petitioner, v. CLARK DEVELOPMENT CORPORATION, Respondent. - JUDGMENT
[BASED ON COMPROMISE AGREEMENT]


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