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Obieta vs. Edward Cheok

JOAQUIN P. OBIETA, Petitioner, versus EDWARD CHEOK, Respondent.

G.R. No. 170072 | 2009-09-03

R E S O L U T I O N


CORONA, J.:

The present controversy sprung from an intra-corporate dispute[1] filed by respondent Edward Cheok against Republic Resources and Development Corporation (REDECO)[2] and petitioner Joaquin P. Obieta in his capacity as its corporate secretary seeking the issuance of certificate of stocks at the new par value[3] in lieu of his four REDECO street certificates.[4]

REDECO and petitioner, on the other hand, claimed that respondent did not present any proof that the street certificates had been endorsed or assigned to him. Furthermore, considering the issuance of those certificates was not reflected in the...