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Far East Bank & Trust Co. et al. Vs. Trust Union Shipping Corp., et al.

FAR EAST BANK AND TRUST CO., TRUST AND INVESTMENT GROUP, AND FEB INVESTMENT, INC., Petitioners, versus TRUST UNION SHIPPING CORP., SWEET LINES, INC., and the VESSEL M/V “SWEET GLORY” (ex M/V “SWEET RORO 2”), Respondents. PHILIPPINE PORTS AUTHORITY, Intervenor.

G.R. No. 154716 | 2008-09-16

RESOLUTION


NACHURA, J.:

Before this Court is an Omnibus Motion praying, among others, for this Court to render judgment based on a Compromise Agreement entered into by the parties in this case. The original Petition for Review on Certiorari under Rule 45 filed by petitioners prayed for the reversal of the Court of Appeals Decision[1] dated March 13, 2002 in CA-G.R. CV No. 50036, which reversed the Decision[2] of the Regional Trial Court (RTC) of Manila, Branch 35, dated January 16, 1995 in Civil Case No. 92-59963.

The factual antecedents of this case are as follows:

Sweet Lines, Inc. leased under a bareboat charter with option to buy...