1/23/2017 G.R. No.

196171

TodayisMonday,January23,2017

RepublicofthePhilippines
SUPREMECOURT
Manila

FIRSTDIVISION

G.R.No.196171January15,2014

RCBCCAPITALCORPORATION,Petitioner,
vs.
BANCODEOROUNIBANK,INC.(nowBDOUNIBANK,INC.),Respondent.

xx

G.R.No.199238

BANCODEOROUNIBANK,INC.,Petitioner,
vs.
COURTOFAPPEALSandRCBCCAPITALCORPORATION,Respondents.

xx

G.R.No.200213

BANCODEOROUNIBANK,INC.,Petitioner,
vs.
RCBCCAPITALCORPORATIONandTHEARBITRALTRIBUNALINICCARBITRATIONREF.NO.
13290/MS/JEMAND/ORRICHARDIANBARKER,NEILKAPLANANDSANTIAGOKAPUNAN,intheirofficial
capacityasMembersofTHEARBITRATIONTRIBUNAL,Respondents.

RESOLUTION

VILLARAMA,JR.,J.:

Before the Court are: (1) the Joint Motion and Manifestation dated October 1, 2013 filed in G.R. Nos. 196171 &
199238 by RCBC Capital Corporation ("RCBC Capital"), BDO Unibank, Inc. ("BDO"), and George L. Go, in his
personalcapacityandasattorneyinfactoftheindividualstockholdersaslistedintheSharePurchaseAgreement
datedMay27,2000("Go/Shareholders"),thrutheirrespectivecounselsand(2)theJointMotionandManifestation
datedOctober1,2013filedinG.R.No.200213byBDOandRCBCCapitalthrutheirrespectivecounsel.

AllthreepetitionsemanatedfromarbitrationproceedingscommencedbyRCBCCapitalpursuanttothearbitration
clauseunderitsSharePurchaseAgreement(SPA)withEPCIBinvolvingthelatterssharesinBankard,Inc.Inthe
course of arbitration conducted by the Tribunal constituted and administered by the International Chamber of
CommerceInternational Commercial Arbitration (ICCICA), EPCIB was merged with BDO which assumed all its
liabilitiesandobligations.

G.R.No.196171isapetitionforreviewunderRule45seekingtoreversetheCourtofAppeals(CA)Decisiondated
December 23, 2010 in CAG.R. SP No. 113525 which reversed and set aside the June 24, 2009 Order of the
Regional Trial Court (RTC) of Makati City, Branch 148 in SP Proc. Case No. M6046. The RTC confirmed the
SecondPartialAwardissuedbytheArbitrationTribunalorderingBDOtopayRCBCCapitalproportionatesharein
theadvancecostsanddismissingBDOscounterclaims.

G.R.No.199238isapetitionforcertiorariunderRule65assailingtheSeptember13,2011ResolutioninCAG.R.
SPNo.120888whichdeniedBDOsapplicationfortheissuanceofastayorderand/ortemporaryrestrainingorder
(TRO)/preliminaryinjunctionagainsttheRTCofMakatiCity,Branch148inSp.Proc.CaseNo.M6046.Actingupon
RCBCCapitalsurgentmotion,theRTCissuedonAugust22,2011awritofexecutionfortheimplementationofthe
courtsorderconfirmingtheFinalAwardrenderedbytheArbitrationTribunalonJune16,2010.

Ontheotherhand,G.R.No.200213,filedonFebruary6,2012,isapetitionforreviewunderRule45prayingforthe
reversaloftheCAsDecisiondatedFebruary24,2011andResolutiondatedJanuary13,2012inCAG.R.SPNo.
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113402.TheCAdeniedBDOspetitionforcertiorariandprohibitionwithapplicationforissuanceofaTROand/or
writofpreliminaryinjunctionagainsttheRTCofMakatiCity,Branch148inSp.Proc.CaseNo.M6046.ByOrder
datedJune24,2009,theRTCdeniedBDOsmotionforaccessofthecomputerizedaccountingsystemofBankard,
Inc.afterChairmanRichardIanBarkerhaddeniedBDOsrequestthatitbegivenaccesstothesaidsourceoffacts
ordatausedinpreparingtheaccountingsummariessubmittedinevidencebeforetheArbitrationTribunal.

G.R.Nos.196171&199238wereconsolidatedandaDecisionwasrenderedbythisCourtonDecember10,2012,
thedispositiveportionofwhichstates:

WHEREFORE,premisesconsidered,thepetitioninG.R.No.199238isDENIED.TheResolutiondatedSeptember
13,2011oftheCourtofAppealsinCAG.R.SPNo.120888isAFFIRMED.

ThepetitioninG.R.No.196171isDENIED.TheDecisiondatedDecember23,2010oftheCourtofAppealsinCA
G.R.SPNo.113525isherebyAFFIRMED.

SOORDERED.1

BothRCBCCapitalandBDOfiledmotionsforpartialreconsiderationoftheabovedecision.

Meanwhile,inG.R.No.200213,RCBCCapitalfileditsComment,towhichaReplywasfiledbyBDO.ByResolution
datedJuly22,2013,bothpartiesweredirectedtosubmittheirrespectivememorandawithin30daysfromnotice.

IntheirJointMotionandManifestationfiledinG.R.Nos.196171&199238,thepartiessubmitandpraythat

5.Afternegotiations,thePartieshavemutuallyagreedthatitisintheirbestinterestandgeneralbenefitto
settletheirdifferenceswithrespecttotheirrespectivecausesofaction,claimsorcounterclaimsintheRCBC
CapitalPetitionandtheBDOPetition,withaviewtoarenewaloftheirbusinessrelations.

6. Thus, the parties have reached a complete, absolute and final settlement of their claims, demands,
counterclaimsandcausesofactionarising,directlyorindirectly,fromthefactsandcircumstancesgivingrise
to,surroundingorarisingfrombothPetitions,andhaveagreedtojointlyterminateanddismissthesamein
accordancewiththeiragreement.

7.InviewoftheforegoingcompromisebetweentheParties,BDO,RCBCCapitalandGo/Shareholders,with
theassistanceoftheirrespectivecounsels,havedecidedtojointlymovefortheterminationanddismissalof
theabovecaptionedcaseswithprejudice.

PRAYER

WHEREFORE,RCBCCAPITALCORPORATION,BDOUNIBANK,INC.andGEORGEL.GO,INHIS
PERSONAL CAPACITY AND AS ATTORNEYINFACT OF THE INDIVIDUAL STOCKHOLDERS AS
LISTEDINTHESHAREPURCHASEAGREEMENTDATED27MAY2000respectfullypraythatthis
Honorable Court order the termination and dismissal of the abovecaptioned cases, with prejudice.
RCBCCapitalBDOandGo/Shareholdersrespectfullyprayforsuchotherreliefasmaybedeemedjust
orequitableunderthepremises.2

BDOandRCBCCapitallikewisesubmitandprayintheirJointMotionandManifestationinG.R.No.200213that

3.Afternegotiations,thePartieshavemutuallyagreedthatitisintheirbestinterestandgeneralbenefitto
settletheirdifferenceswithrespecttotheirrespectivecausesofaction,claimsorcounterclaimsintheabove
captionedcase,withaviewtoarenewaloftheirbusinessrelations.

4. Thus, the Parties have reached a complete, absolute and final settlement of their claims, demands,
counterclaimsandcausesofactionarising,directlyorindirectly,fromthefactsandcircumstancesgivingrise
to, surrounding or arising from the present Petition, and have agreed to jointly terminate and dismiss the
presentPetitioninaccordancewiththeiragreement.

5.InviewoftheforegoingcompromisebetweentheParties,BDOandRCBCCapital,withtheassistanceof
their respective counsels, have decided to jointly move for the termination and dismissal of the above
captionedcasewithprejudice. 1wphi1

PRAYER

WHEREFORE,BDOUNIBANK,INC.andRCBCCAPITALCORPORATIONrespectfullypraythatthis
HonorableCourtordertheterminationanddismissaloftheabovecaptionedcase,withprejudice.

BDO and RCBC Capital respectfully pray for such other relief as may be deemed just or equitable under the
premises.3
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1/23/2017 G.R. No. 196171
UnderthisCourtsResolutiondatedNovember27,2013,G.R.No.200213isorderedconsolidatedwithG.R.Nos.
196171199238.

IN VIEW OF THE FOREGOING and as prayed for, G.R. Nos. 196171, 199238 and 200213 are hereby ordered
DISMISSEDwithprejudiceandaredeemedCLOSEDandTERMINATED.

SOORDERED.

MARTINS.VILLARAMA,JR.
AssociateJustice

WECONCUR:

MARIALOURDESP.A.SERENO
ChiefJustice
Chairperson

TERESITAJ.LEONARDODECASTRO LUCASP.BERSAMIN
AssociateJustice AssociateJustice

BIENVENIDOL.REYES
AssociateJustice

CERTIFICATION

PursuanttoSection13ArticleVIIIofthe1987Constitution,IcertifythattheconclusionsintheaboveResolutionhad
beenreachedinconsultationbeforethecasewasassignedtothewriteroftheopinionoftheCourtsDivision.

MARIALOURDESP.A.SERENO
ChiefJustice

Footnotes
1
RCBCCapitalCorporationv.BancodeOroUnibank,Inc.,687SCRA583,629630.
2
Rollo,(G.R.No.196171),pp.34033404.
3
Rollo,(G.R.No.200213),p.3581.

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