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The Hongkong and Shanghai Banking Corporation (HSBC) vs. National Steel Corporation

THE HONGKONG & SHANGHAI BANKING CORPORATION, LIMITED, PETITIONER, VS. NATIONAL STEEL CORPORATION AND CITYTRUST BANKING CORPORATION (NOW BANK OF THE PHILIPPINE ISLANDS), RESPONDENTS.

G.R. No. 183486 | 2016-02-24

D E C I S I O N
 
JARDELEZA, J.:
 
This is a petition for review on certiorari under Rule 45 of the Rules of Court. Petitioner The Hongkong & Shanghai Banking Corporation, Limited (HSBC) filed this petition to assail the Decision of the Court of Appeals (CA) dated November 19, 2007 (Assailed Decision) which reversed the ruling of the Regional Trial Court, Branch 62 of Makati City (RTC Makati) and its Resolution denying HSBC's Motion for Reconsideration dated June 23, 2008 (Assailed Resolution).
 
The Facts

Respondent National Steel Corporation (NSC) entered into an Export Sales Contract (the Contract) with Klockner East...