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Keppel Cebu Shipyard, Inc. Vs. Pioneer Insurance and Surety Corporation/Pioneer Insurance and Surty Corporation Vs. Keppel Cebu Shipyard, Inc.

KEPPEL, CEBU SHIPYARD, INC., Petitioner, versus PIONEER INSURANCE AND SURETY CORPORATION, Respondent and PIONEER INSURANCE AND SURETY CORPORATION, Petitioner, versus KEPPEL, CEBU SHIPYARD, INC., Respondent.

G.R. Nos. 180880-81 and G.R. Nos. 180896-97 | 2012-09-18

EN BANC

R E S O L U T I O N 

MENDOZA, J.: 
   
On June 7, 2011, the Court  En Banc,  acting on the referral by the Second Division, issued a Resolution1 accepting these cases which stemmed from the Motion to Re-Open Proceedings and Motion to Refer to the Court En Banc filed by Keppel Cebu Shipyard, Inc.  (KCSI) on the ground that "there are serious allegations in the petition that if the decision of the Court is not vacated, there is a far-reaching effect on similar cases already decided by the Court."2
  
Pioneer Insurance and Surety Corporation  (Pioneer) sought reconsideration of the June 7,...