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Gilbert G. Guy vs. Asia United Bank

GILBERT G. GUY, Petitioner, versus ASIA UNITED BANK, Respondent.

G.R. No. 174874 | 2007-10-04

D E C I S I O N
 

GARCIA, J.:

In this appeal by way of a petition for review on certiorari under Rule 45 of the Rules of Court, petitioner Gilbert G. Guy (Guy, for short) seeks to annul and set aside the Decision[1] dated September 25, 2006 of the Court of Appeals (CA) in CA-G.R. SP No. 94361, reversing the Resolution[2] dated April 20, 2006 of the Secretary of Justice[3] in I.S. No. 05-01-00365 and I.S. No. 05-03-02371.

Undisputed are the following factual antecedents:

In 1993, herein respondent Asia United Bank (AUB) granted 3D Industries, Inc. (3D, hereafter) a loan in the form of stand-by letter of credit (L/C) in the amount of P30...