[ G.R. No. 135808. August 21, 2000]

SEC vs. INTERPORT RESOURCES CORP. et al.

THIRD DIVISION

Gentlemen:

Quoted hereunder, for your information, is a resolution of this Court dated AUG 21 2000.

G.R. No. 135808 (Securities and Exchange Commission vs. Interport Resources Corporation, et al.)

Counsel for respondents, Attys. Cesar Cruz and Partners, filed a Notice of Withdrawal of Appearance, dated July 26, 2000, on the ground of non-payment of their professional fees for services rendered and out-of-pocket expenses incurred in the instant case.

The law firm of Loyola, Rodriguez, Delos Santos and Naidas filed its Entry of Appearance for five out of the eight Respondents. Pursuant to Section 26, Rule 138 of the Rules of Court, the Court resolved to NOTE the Notice of Withdrawal of Appearance filed by the law firm of Cesar Cruz and Partners and allow the substitution insofar as the five represented Respondents are concerned but defers action on the request for withdrawal of appearance insofar as the three other Respondents, namely, Interport Resources Corporation, Joseph Sy and Santiago Tanchan, Jr., are concerned until such time as a new counsel enters an appearance for said respondents. (In the meantime, all notices and orders emanating from this Court will continue to be addressed to the law firm of Cesar Cruz and Partners with respect to the aforementioned respondents, namely, Interport Resources Corporation, Joseph Sy and Santiago Tanchan, Jr.)

The Court further resolved to NOTE the Entry of Appearance filed by the law firm of Loyola, Rodriguez, Delos Santos and Naidas as new counsel for respondents, Manuel Recto, Francisco Anonuevo, Pelagio Ricalde, Rene Villarica and Antonio Reina and to GRANT their motion for a last extension of thirty days from August 3, 2000 up to September 2, 2000 within which to file a Memorandum.

Very truly yours,

(Sgd.) JULIETA Y. CARREON

Clerk of Court


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