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R TRANSPORT CORPORATION v. LUISITO G. YU

This case has been cited 3 times or more.

2004-12-01
PANGANIBAN, J.
The Decision merely shrugged off the Manifestation by WMPC informing the Court (1) that on January 23, 2001, WMC had sold all its shares in WMCP to Sagittarius Mines, Inc., 60 percent of whose equity was held by Filipinos; and (2) that the assailed FTAA had likewise been transferred from WMCP to Sagittarius.[11] The ponencia declared that the instant case had not been rendered moot by the transfer and registration of the FTAA to a Filipino-owned corporation, and that the validity of the said transfer remained in dispute and awaited final judicial determination.[12] Patently therefore, the Decision is anchored on the assumption that WMCP had remained a foreign corporation.
2004-01-27
CARPIO MORALES, J.
By virtue of such sale and transfer, the DENR Secretary, by Order of December 18, 2001,[48] approved the transfer and registration of the subject FTAA from WMCP to Sagittarius.  Said Order, however, was appealed by Lepanto Consolidated Mining Co. (Lepanto) to the Office of the President which upheld it by Decision of July 23, 2002.[49]  Its motion for reconsideration having been denied by the Office of the President by Resolution of November 12, 2002,[50] Lepanto filed a petition for review[51] before the Court of Appeals.  Incidentally, two other petitions for review related to the approval of the transfer and registration of the FTAA to Sagittarius were recently resolved by this Court.[52]