This case has been cited 5 times or more.
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2015-08-11 |
VILLARAMA, JR., J. |
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| Respondents’ petitions for declaratory relief filed in the RTC asserted their claim of ownership over the sequestered CIIF companies and indirectly the CIIF SMC Block of Shares, in the following percentages: 11.03% (UCPB) and 11.01% (COCOLIFE). Undeniably, these are related to the ill-gotten wealth cases (Civil Case Nos. 0033-A and 0033-F) involving the issue of ownership of the aforesaid sequestered companies and shares of stock, which have been tried and decided by the Sandiganbayan, and the decision had been appealed to and finally disposed of by this Court in G.R. Nos. 177857-58[31] (COCOFED and Lobregat, et. al’s ownership claim over the CIIF companies and CIIF SMC Block of Shares) and G.R. No. 180705[32] (Eduardo M. Cojuangco, Jr.’s claim over UCPB shares under an Agreement with PCA). | |||||
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2012-01-24 |
VELASCO JR., J. |
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| Apropos the intended acquisition of a commercial bank for the purpose stated earlier, it would appear that FUB was the bank of choice which the Pedro Cojuangco group (collectively, "Pedro Cojuangco") had control of. The plan, then, was for PCA to buy all of Pedro Cojuangco's shares in FUB. However, as later events unfolded, a simple direct sale from the seller (Pedro) to PCA did not ensue as it was made to appear that Cojuangco, Jr. had the exclusive option to acquire the former's FUB controlling interests. Emerging from this elaborate, circuitous arrangement were two deeds; the first, simply denominated as Agreement,[27] dated May 1975,[28] entered into by and between Cojuangco, Jr., for and in his behalf and in behalf of "certain other buyers," and Pedro Cojuangco, purportedly accorded Cojuangco, Jr. the option to buy 72.2% of FUB's outstanding capital stock, or 137,866 shares (the "option shares," for brevity), at PhP 200 per share. | |||||
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2012-01-24 |
VELASCO JR., J. |
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| The second but related contract, dated May 25, 1975, was denominated as Agreement for the Acquisition of a Commercial Bank for the Benefit of the Coconut Farmers of the Philippines.[29] It had PCA,[30] for itself and for the benefit of the coconut farmers, purchase from Cojuangco, Jr. the shares of stock subject of the First Agreement for PhP 200 per share. As additional consideration for PCA's buy-out of what Cojuangco, Jr. would later claim to be his exclusive and personal option,[31] it was stipulated that, from PCA, Cojuangco, Jr. shall receive equity in FUB amounting to 10%, or 7.22%, of the 72.2%, or fully paid shares. | |||||
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2012-01-24 |
VELASCO JR., J. |
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| AND THE CIIF BLOCK OF SAN MIGUEL CORPORATION (SMC) SHARES OF STOCK TOTALLING 33,133,266 SHARES AS OF 1983 ... ARE DECLARED OWNED BY THE GOVERNMENT IN TRUST FOR ALL THE COCONUT FARMERS GOVERNMENT AND ORDERDED RECONVEYED TO THE GOVERNMENT.[58] (Emphasis and capitalization in the original; underscoring added.) | |||||
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2008-10-29 |
CHICO-NAZARIO, J. |
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| The Court imposes upon the attorney the duty, to himself and to his clients, to invariably adopt a system whereby he can be sure of receiving promptly all judicial notices during his absence from his address of record. The attorney must so arrange matters that communications sent by mail, addressed to his office or residence, may reach him promptly.[41] In earlier cases, the Court did not excuse a counsel's tardiness in complying with reglementary periods for filing pleadings attributed to the negligence of said counsel's secretary[42] or clerk.[43] In the same light, the Court can neither sanction the late filing by Atty. Beltran of the Motion for Reconsideration in CA-G.R. CV No. 80705 which he blamed on his maid, nor free petitioner from the effect of Atty. Beltran's faux pas. | |||||