CASE TITLE: PDIC vs CA GR NO.: 126911 DATE: April 30, 2003 PETITIONER: Philippin Dvl!p"n# Ins$r%n& C!rp!r%#i!n RESPONDENT: CA %n' (!s A)%' FACTS:
Rsp!n'n#s h%' *1 G!l'n Ti" Dp!si#s+GTDs in -%nil% %n/in C!rp!r%#i!n+-C. OEER, %n/! Sn#r%l !4 #h Philippins iss$' % ""!r%n'$" pr!hi)i#in -C #! '! )$sinss in #h Philippins %n' pl%&' i#s %ss#s $n'r r&ivrship. On #h n5# )%n/in '%, rsp!n'n# (!s A)%' pr7 #r"in%#' his *1 GTDs %n' r'p!si#' #h 4$n' in#! 28 GTDs in l%rr 'n!"in%#i!ns. Thr%4#r, rsp!n'n# l' #hir &l%i"s 4!r #h p%"n# !4 #h ins$r' GTDs. P#i#i!nr PDIC %r$' #h%# #h ins$r' GTDs sh!$l' n!# ) r&!ni' sin& #h ;r "r 'riv%#ivs !4 rsp!n'n#s prvi!$s %&&!$n# )%l%n&s pr7#r"in%#' %# #h #i" #h -C ;%s %slr%' in sri!$s n%n&i%l 'is#rss.
$'i&i%l '#r"in%#i!n !4 #h ins$r%)ili# !4 rsp!n'n#s. In #$rn, (!s A)%' SET
ON #h #ri%l &!$r# rr' in !r'rin #h p%"n# !4 #h 'p!si# ins$r%n& sin& % p#i#i!n 4!r '&l%r%#!r rli4 '!s n!# ssn#i%ll n#%il %n 5&$#!r pr!&ss7 #h !nl rli4 )in r%n#' is % '&l%r%#i!n !4 #h rih#s %n' '$#is. HELD:
NO, #h RTC?s %i!n ;%s pr!pr. i#h!$# '!$)#, % p#i#i!n 4!r '&l%r%#!r rli4 '!s n!# ssn#i%ll n#%il %n 5&$#!r pr!&ss. OEER, #hr is n!#hin in i#s n%#$r #h%# pr!hi)i#s % &!$n#r&l%i" 4r!" )in s#7$p in #h s%" %i!n. A sp&i%l &ivil %i!n is n!# ssn#i%ll 'i@rn# 4r!" %n !r'in%r &ivil %i!n, ;hi&h is nr%ll !vrn' ) R$ls 1 #! 6 !4 #h R$ls !4 C!$r#, 5&p# #h%# #h 4!r"r '%ls ;i#h % sp&i%l s$)> "%##r ;hi&h "%/s n&ss%r s!" sp&i%l r$l%#i!n. $# #h i'n#i# )#;n #hir 4$n'%"n#%l n%#$r is s$&h #h%# #h s%" r$ls !vrnin !r'in%r &ivil s$i#s "% %n' '! %ppl #! sp&i%l &ivil %i!ns i4 n!#
in&!nsis#n# ;i#h !r i4 #h "% srv #! s$ppl"n# #h pr!visi!ns !4 #h p&$li%r r$ls !vrnin sp&i%l &ivil %i!ns. P#i#i!nr %''i#i!n%ll s$)"i#s #h%# #h iss$ !4 '#r"inin #h %"!$n# !4 'p!si# ins$r%n& '$ rsp!n'n#s ;%s nvr #ri' !n #h "ri#s sin& #h #ri%l ';l# !nl !n #h '#r"in%#i!n !4 #h vi%)ili# !r v%li'i# !4 #h 'p!si#s %n' n! vi'n& !n r&!r' s$s#%ins #h h!l'in #h%# #h %"!$n# !4 'p!si# '$ rsp!n'n#s h%' )n n%ll '#r"in'. This iss$ ;%s n!# r%is' in #h &!$r# a quo, h!;vr, hn&, i# &%nn!# ) r%is' 4!r #h rs# #i" in #h p#i#i!n %# )%r.