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GD Express Worldwide N.V., et al. Vs. Court of Appeals, et al.

GD EXPRESS WORLDWIDE N.V. and AMIHAN MANAGEMENT SERVICES, INC., versus HON. COURT OF APPEALS (FOURTH DIVISION), HON. SECURITIES AND EXCHANGE COMMISSION (en banc), HON. ROSITA R. GUERRERO, in her capacity as Hearing Officer, and FILCHART AIRWAYS, INC., Respondents.****

G.R. No. 136978 | 2009-05-08

D E C I S I O N


Tinga, J.:

Before the Court is a petition for review on certiorari[1] under Rule 45 of the 1997 Rules of Civil Procedure assailing the Decision[2] of the Court of Appeals in CA-G.R. SP No. 48442 and praying for the dismissal of the petition filed before the Securities and Exchange Commission (SEC) by respondent Filchart Airways, Inc. (Filchart) in SEC Case No. 08-97-5746.

The following factual antecedents are matters of record.

Petitioner GD Express Worldwide N.V. (GD Express) is a corporation duly organized and existing under the laws of the Netherlands. On 27 September 1990, its predecessor-in-interest, TNT Limited...