Back

Sy Chin, Sy Hen, et al vs CA, TANG CHING HENG & CO

SY CHIN, SY HEN, TANG TUBI, TANG ANDRES, TANG FELINO, NIEVES KE TEK TANG, ANNIE KE TEK TANG, PENNIE CHUA TANG, LENIE TANG, ZENNIE KE TEK TANG, FELICIA KE TEK TANG, ONG SO HUA, JUDY ALONZO, EDUARDO ALONZO and ALFREDO ALONZO, petitioners, vs. THE COURT OF APPEALS, TANG CHING HENG & CO., TANG CHIN HENG AND WILLIAM TANG also known as Tang Kong Sia, represented by Tang Chin Heng, respondents.

G.R. No. 136233 | 2000-11-23

D E C I S I O N

KAPUNAN, J.:

The instant case stemmed from a petition for dissolution and liquidation of the partnership filed by the petitioners with the Securities and Exchange Commission (SEC) on February 5, 1991. The problem is how the partnership properties and the profits derived therefrom should be divided among the partners and their successors- in-interest.

The antecedent facts are as follows:

Sometime in 1952, the brothers Tang Chin, Feliciano Tang, Ricardo Alonzo a.k.a. Tang Kong Suy, Tang Chin Heng and William Tang a.k.a. Tang Kong Sia formed a partnership under the name of Tan Chin Heng & Company. The partnership had a...