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BPI vs. Land Investors and Development Corporation

BANK OF THE PHILIPPINE ISLANDS, PETITIONER, VS. LAND INVESTORS AND DEVELOPERS CORPORATION, RESPONDENT.

G.R. No. 198237 | 2018-10-08

DECISION
 
TIJAM, J.:
 
Through this petition for review on certiorari[1] under Rule 45 of the Rules of Court, petitioner Bank of the Philippine Islands (BPI) seeks to annul the Decision[2] dated February 28, 2011 of the Court of Appeals (CA) in CA-G.R. CV No. 93752 which reversed and set aside the Resolutions dated April 14, 2009 and June 26, 2009 of the Regional Trial Court (RTC) of Makati City, Branch 61.

In its assailed Decision, the CA found BPI liable to its depositor, respondent Land Investors and Development Corporation for breach of fiduciary duty.
 
Antecedent Facts

Between the years 1995 and 1999,...