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Jurisdiction on Arbitral Award in APT Case by Ryan Leocario is a document available to read on EtoBox.

The RTC originally had jurisdiction over a civil case filed by minority stockholders of MMIC against DBP and PNB seeking to annul foreclosures on MMIC assets. However, the parties later agreed to arbitration. The arbitration committee ruled in favor of MMIC. When the respondents filed a motion to approve the arbitral award, the RTC granted it. However, the RTC previously dismissed the original civil case, so it no longer had jurisdiction to approve the arbitral award. The Supreme Court ruled that once the R

Author

Ryan Leocario

Language

EN