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Dupasquier vs. Ascendas (Philippines) Corp.

JACQUES A. DUPASQUIER AND CARLOS S. RUFINO FOR THEMSELVES AND ON BEHALF OF THE NET GROUP, COMPOSED OF 19-1 REALTY CORPORATION, 18-2 PROPERTY HOLDINGS, INC., 6-3 PROPERTY HOLDINGS INC., ADD LAND, INC., REMEDIOS A. DUPASQUIER, PIERRE DUPASQUIER, ANNA MARIE MORRONGIELLO, DELRUF REALTY & DEVELOPMENT, INC., VAR BUILDINGS, INC., MARILEX REALTY, ARESAR REALTY, SUNVAR, INC., MACARIO S. RUFINO, REMIGIO TAN, JR., MA. AUXILIO R. PRIETO, MA. PAZ R. TANJANCO, RAMON D. RUFINO, PAOLO R. PRIETO, VICENTE L. RUFINO, THERESA P. VALDES, ALEXANDRA P. ROMUALDEZ, TERESA R. TAN, JAVIER VICENTE RUFINO, CARLO D. RUFINO, LUIS CARLO R. LAUREL, MA. ASUNCION L. UICHICO, MA. PAZ FARAH L. IMPERIAL, MA. ISABEL L. BARANDIARAN, ALFREDO PARUNGAO, AND ALOYSIUS B. COLAYCO, PETITIONERS, V. ASCENDAS (PHILIPPINES) CORPORATION, RESPONDENT.

G.R. No. 211044 | 2019-07-24

D E C I S I O N
 
JARDELEZA, J.:*
 
This is a petition for review on certiorari[1] under Rule 45 of the Rules of Court assailing the Decision[2] dated April 3, 2012 and Resolution[3] dated January 27, 2014 of the Court of Appeals (CA) in CA-G.R. CV No. 90835. The CA set aside the Order[4] dated December 14, 2007 of Branch 59 of the Regional Trial Court (RTC) in Makati City, in Civil Case No. 07-860, which declared, on summary judgment, that petitioners cannot be compelled to arbitrate and petitioners are entitled to the Due Diligence L/C in the amount of US$1,000,000.00.
 
Petitioners Jacques A. Dupasquier...