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UNION BANK OF PHILIPPINES v. SECURITIES

This case has been cited 1 times or more.

2006-10-09
PANGANIBAN, CJ
The emergence of the multifarious needs of modern society necessitates the establishment of diverse administrative agencies.  In addressing these needs, the administrative agencies charged with applying and implementing particular statutes have accumulated experience and specialized capabilities.  Thus, in a long line of cases, this Court has recognized that their construction of a statute is entitled to great respect and should ordinarily be controlling, unless clearly shown to be in sharp conflict with the governing statute or the Constitution and other laws.[23]