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CO SAY COCO PRODUCTS PHILS. v. BENJAMIN BALTASAR

This case has been cited 1 times or more.

2014-09-24
REYES, J.
Section 6 requiring the issuance of a bond by a reputable bonding company duly accredited by the NLRC or the Supreme Court was substantially carried over to the 2005 Revised Rules of Procedure of the NLRC[13] and the 2011 NLRC Rules of Procedure.[14]  In this regard, the Court has ruled that in a judgment involving a monetary award, the appeal shall be perfected only upon: (1) proof of payment of the required appeal fee; (2) posting of a cash or surety bond issued by a reputable bonding company; and (3) filing of a memorandum of appeal.[15]