Back

TMEE vs. Sandigbayan (5th Div) and Republic

TRANS MIDDLE EAST (PHILS.) EQUITIES, INC., PETITIONER, VS. THE SANDIGANBAYAN (FIFTH DIVISION), REPUBLIC OF THE PHILIPPINES REPRESENTED BY THE PRESIDENTIAL COMMISSION ON GOOD GOVERNMENT (PCGG), RESPONDENTS.

G.R. No. 180350 | 2022-06-07

FIRST DIVISION
 
D E C I S I O N
 
ZALAMEDA, J.:
 
By the dismissal of the case, there is ipso facto no more writ of sequestration to speak of.[1] The doctrine finds even greater application to these consolidated cases because not only was the civil case dismissed as against petitioner in G.R. No. 180350 Trans Middle East (Phils.) Equities, Inc. (TMEE), the writ of sequestration was also nullified with finality. Hence, no legal or factual basis remains for holding in custodia legis the previously sequestered shares of stock owned by TMEE.
 
The Cases

Before the Court are four (4) Petitions for...