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BPI vs. Central Bank of the Philippines

BANK OF THE PHILIPPINE ISLANDS, PETITIONER, VS. CENTRAL BANK OF THE PHILIPPINES (NOW BANGKO SENTRAL NG PILIPINAS) AND CITIBANK, N.A., RESPONDENTS.

G.R. No. 197593 | 2020-10-12

SECOND DIVISION

D E C I S I O N
 
HERNANDO, J.:
 
Challenged in this Petition for Review on Certiorari[1] are the January 26, 2011 Decision[2] and July 8, 2011 Resolution[3] of the court of Appeals (CA) in CA-G.R. CV No. 70699, which reversed and set aside the April 24, 2001 Decision[4] of the Regional Trial Court (RTC), Branch 64 of Makati City, in Civil Case No. 18793. The appellate court dismissed the complaint filed by petitioner Bank of the Philippine Islands (BPI) against respondent Central Bank of the Philippines (CBP), now Bangko Sentral ng Pilipinas, and ordered the cancellation of payment made by CBP...