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Mitsui & Co., Ltd. Vs. Manuel G. Abello, et al.

MITSUI & CO., LTD., petitioner, vs. HON. MANUEL G. ABELLO, Chairman, ROSARIO N. LOPEZ, GONZALO T. SANTOS, JR., JULIO A. SULIT, JR., and JESUS J. VALDEZ, Associate Commissioners of the Securities and Exchange Commission and ATLAS SHIPPING LINES, INC., respondents.

G.R. Nos. L-61067-68 | 1982-11-25

R E S O L U T I O N


ABAD SANTOS, J.:

This is a petition to nullify and set aside two orders (reproduced below) which were issued by the Securities and Exchange Commission (SEC) en banc and to direct the dismissal of SEC Case No. 001614.

The antecedent facts are the following:

SEC Case No. 001614 was filed by Atlas Shipping Lines, Inc. (ATLAS). In the petition ATLAS asked that the license of Mitsui & Co., Ltd. (MITSUI) to do business in the Philippines be revoked for alleged violations of Philippine laws and of the conditions imposed by the Office of the President of the Philippines relative to the sale of an ocean-going vessel by...