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Far East Bank and Trust Company vs. Union Bank

FAR EAST BANK AND TRUST COMPANY, PETITIONER, V. UNION BANK OF THE PHILIPPINES [NOW SUBSTITUTED BY BAYAN DELINQUENT LOAN RECOVERY 1 (SPV-AMC), INC.], RESPONDENT.

G.R. No. 196637 | 2019-06-03

D E C I S I O N
 
GESMUNDO, J.:
 
This is an appeal by certiorari from the November 15, 2010 Decision[1] and April 19, 2011 Resolution[2] of the Court of Appeals (CA) in CA-G.R. CV No. 86172 which reversed and set aside the March 22, 2005 and August 26, 2005 Orders[3] of the Regional Trial Court of Pasig City, Branch 157 (RTC) in Civil Case No. 66477.
 
Antecedents
 
On September 16, 1997, the EYCO Group of Companies[4] (EYCO) and its controlling stockholders, namely Eulogio O. Yutingco, Caroline Yutingco­-Yao and Theresa[5] T. Lao (the Yutingcos) filed with the Securities and Exchange...