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Privatization and Management Office (PMO) vs. Strategic Alliance Development Corporation (STRADEC)

PRIVATIZATION and MANAGEMENT OFFICE, Petitioner, vs. STRATEGIC ALLIANCE DEVELOPMENT CORPORATION and/or PHILIPPINE ESTATE CORPORATION, Respondent.

G.R. No. 200402 | 2013-06-13

FIRST DIVISION 
 
DECISION 
 
SERENO, CJ: 
 
Before this Court is a Rule 45 Petition, seeking a review of the Court of Appeals (CA) Decision' dated 27 January 2012 in CA-G.R. CV No. 96368, which affirmed the Decision2 dated I July 20 I 0 of the Regional Trial Court (RTC) in Civil Case No. 05-882. The RTC directed petitioner Privatization and Management Office (PMO) to award the auctioned Philippine National Construction Corporation (PNCC) shares, receivables, and securities owned by the Philippine govemment to respondent Strategic Alliance Development Corporation (STRADEC). 
 
The facts are as...