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RP thru Asset Privatization Trust vs CA, Hon Felix Caballes, Domestic Satellite Philippines

REPUBLIC OF THE PHILIPPINES thru the ASSET PRIVATIZATION TRUST, petitioner, vs. COURT OF APPEALS, HON. FELIX S. CABALLES, and DOMESTIC SATELLITE PHILIPPINES, INC., respondents.

G.R. No. 107943 | 2000-02-03

D E C I S I O N

BELLOSILLO, J.:

ASSET PRIVATIZATION TRUST (APT), an entity created pursuant to Proclamation No. 50,1 [Proclaiming and Launching a Program for the Expeditious Disposition and Privatization of Certain Government Corporations and/or the Assets Thereof, and Creating the Committee on Privatization and the Asset Privatization Trust; 82 O.G. No. 51, pp. 5954-5966.] is mandated to "take title to and possession of, conserve, provisionally manage and dispose of assets"2 [Id., Sec. 9, Art. III.] that have been identified for privatization or disposition, while private respondent Domestic Satellite Philippines, Inc. (DOMSAT), is a...