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Securities And Exchange Commission, Et Al. Vs. Court Of Appeals, Et Al.

SECURITIES AND EXCHANGE COMMISSION and HEARING OFFICER JOSEFINA PASAY-PAZ, petitioners, vs. COURT OF APPEALS, BAN HUA-UY FLORES, BAN HA UY-CHUA, ROLAND KING and SOON KEE COMMERCIAL, INC., respondents.

G.R. No. 93832 | 1991-08-23

D E C I S I O N


PADILLA, J.:

These are petitions for review on certiorari of the decision 1 of the Court of Appeals (Thirteenth Division) in CA-G.R. SP No. 1792 dated 26 January 1990 as well as its resolution 2 dated 4 ,June 1990.

The factual background of this litigation is, as follows:

Petitioner Johnny K.H. Uy and private respondents Ban Hua Uy-Flores and Ban Ha Uy-Chua are brother and sisters. They belong to the Uy family of Bacolod City which owns several corporations, including UBS Marketing Corporation and the Soon Kee Commercial, Inc. All the three (3) above-named individuals, including other members of the Uy family, were...