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Tokio Marine Malayan Insurance Co. Inc. et al. Vs. Jorge Valdez

TOKIO MARINE MALAYAN INSURANCE COMPANY INCORPORATED, ALMA PE?ALOSA, KIMIO HOSAKA, SUMITOMI NISHIDA, TERESITA H. QUIAMBAO and ANTONIO B. LAPID, Petitioners, versus JORGE VALDEZ, Respondent.

G.R. No. 150107 | 2008-01-28

D E C I S I O N


SANDOVAL-GUTIERREZ, J.:

For our resolution are two (2) consolidated petitions for review on certiorari under Rule 45 of the 1997 Rules of Civil Procedure, as amended, seeking to reverse the Decision[1] of the Court of Appeals dated September 13, 2001 in the consolidated cases CA-G.R. SP No. 52914 and CA-G.R. SP No. 56579.

Tokio Marine Malayan Insurance Company Incorporated (Tokio Marine), petitioner in these cases, is a domestic corporation engaged in the insurance business. The individual petitioners are its corporate officers, except Antonio B. Lapid, one of Tokio Marine's consultants.

Jorge Valdez, respondent in...