SUPREME COURT DECISIONS

google search for chanrobles.comSearch for www.chanrobles.com

Endnotes:


1 Penned by Associate Justice Jose A.R. Melo and concurred by Associate Justices Antonio M. Martinez and Nicolas P. Lapena, Jr.

2 See Rollo, p. 248.

3 Rollo, pp. 39-40.

4 Annex B, Petition for Review, Rollo, pp. 33-38.

5 Annex C, Petition for Review, Rollo, p. 41.

6 Annex G, Petition for Review, Rollo, p. 65.

7 Annex H, Petition for Review, Rollo, pp. 63-72.

8 Annex L, Petition for Review, Rollo, pp. 122-124.

9 Annex A, Petition for Review, Rollo, pp. 28-32.

10 Rollo, pp. 334-360

11 Rollo, pp. 405-406.

12 Rollo, p. 124.

13 Salonga v. Court of Appeals, 269 SCRA 534.

14 Garments and Textile Export Board v. Court of Appeals, et al.,268 SCRA 258.

15 See Naguiat v. National Labor Relations Commission, 269 SCRA 564.

16 69 Phil. 635.

17 Pono v. National Labor Relations Commission, 275 SCRA 611.

18 152 SCRA 237, 250.

19 Section 2, Republic Act 265:

Responsibilities and objectives. It shall be the responsibility of the Central Bank of the Philippines to adminster the monetary and banking system of the Republic. It shall be the duty of the Central bank to use the powers granted to it under this Act to achieve the following objectives:

(a) To maintain monetary stability in the Philippines;

(b) To preserve the international value of the peso and the convertibility of the peso into other freely convertible currencies; and

(c) To promote a rising level of production, employment and real income in the Philippines.

Section 5, Republic Act 265:

Composition of the Moentary Board The powers and functions of the Central Bank shall be exercised by a Monerary Board, which shall be composed of seven members as follows:

xxx.

20 Section 25, Republic Act 265:

Creation of the Department In order to assure the observance of this Act and of other pertinent laws, and of the rules and regulations of the Monetary Board, the Central Bank shall have a Department of Supervision and Examination which shall be charged with the supervision and periodic examination of all banking institutions operating in the Philippines, including all government credit institutions. The Department of Supervision and Examination shall discharge its responsibilities in accordance with the instructions of the Monetary Board. The Chief of the department shall be known as the Superintendent of Banks.

The Superintendent of Banks and the examiners f the Department of Supervision and Examination are hereby authorized to administer oaths to any director, officer, or employee of any institution under the supervision of the department and to compel the presentation of all books, documents, papers or records necessary in his or their judgment to ascertain the facts relative to the true condition of any institution.




chanrobles.com



ChanRobles Professional Review, Inc.

ChanRobles Professional Review, Inc. : www.chanroblesprofessionalreview.com
ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com
ChanRobles CPA Review Online

ChanRobles CPALE Review Online : www.chanroblescpareviewonline.com
ChanRobles Special Lecture Series

ChanRobles Special Lecture Series - Memory Man : www.chanroblesbar.com/memoryman