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Landoil Resources Corp. vs. Ricardo Tensuan

LANDOIL RESOURCES CORPORATION, CONSTRUCTION CONSORTIUM, INC., ASIA WATER & SEWERAGE SYSTEM, INC., GREATER MANILA LAND CORPORATION, PACIFIC ASIA BUILDERS AND DEVELOPERS, INC., ET AL., petitioners, vs. HON. JUSTICES RICARDO TENSUAN, RODOLFO NOCON AND FELIPE KALALO OF THE THIRD DIVISION OF THE COURT OF APPEALS, RICHARD H.M. OUTHWAITE, AS LEAD UNDERWRITER REPRESENTING HIMSELF AND ALL OTHER UNDERWRITERS SUBSCRIBING TO LLOYDS' POLICY NO. MAB 255049/MA72632267 AND MANUEL CAMACHO, respondents.

G.R. No. 77733 | 1988-12-20

D E C I S I O N


PARAS, J.:

This is a petition for certiorari and prohibition with preliminary injunction seeking (1) to annul the March 13, 1987 resolution of the Court of Appeals, ** and (2) to restrain R. Outhwaite and Company and Manuel Camacho from enforcing the said resolution of March 13, 1987.

In January, 1983, herein petitioner Landoil Resources Corporation (Landoil for short), through insurance brokers, obtained from herein private respondents R. Outhwaite and Company (Outhwaite for short) insurance coverage in the amount of US$50,000,000.00 for its operation and those of its affiliates and subsidiaries against certain...