Supreme Court orders processing of claims of Legacy planholders

admin   •   October 13, 2015   •   5566

FILE PHOTO: Some planholders of Legacy Consolidated Plans, Incorporated.

FILE PHOTO: Some planholders of Legacy Consolidated Plans, Incorporated.

MANILA, Philippines — The Supreme Court has ordered the Securities and Exchange Commission to process the claims of legitimate planholders of Legacy Consolidated Plans, Incorporated.

This after Supreme Court 2nd division reversed the decision issued by Makati RTC last June 26, 2009 which ruled that the trust fund is part of the corporate assets of legacy and can be used to pay the company’s creditors.

According to the Supreme Court, the trust fund is for the sole benefit of the planholders and cannot be used to satisfy the claims of other creditors of legacy.

As a result, the court ordered SEC to proceed with the verification of claims of the planholders which the Makati RTC halted in 2009.

The SEC had earlier reported that Legacy’s trust fund is over 300-million pesos while the claims amount to almost one billion pesos. (UNTV News)

Supreme Court moves Bar exams to February

Robie de Guzman   •   January 14, 2022

MANILA, Philippines – The Supreme Court (SC) on Friday announced that the Bar examinations have been rescheduled to February 4 (Friday) and February 6 (Sunday).

The SC said this is in consideration for those who may not be able to push through with the exams due to the current COVID-19 situation.

The Bar exams were originally scheduled for January 23 to 25, 2022.

In a Bar bulletin, the SC said a total of 8,546 Bar examinees have reported that some of them have tested positive for COVID-19, living with COVID patients, or under quarantine due to direct contact.

The high court also said that 16 of the 31 teams that will be deployed will be “critically understaffed” if the current schedule were maintained.

“Considering these numbers, as well as the projections of the Court’s expert consultants on the progress of this current COVID-19 surge, the Supreme Court En Banc has unanimously decided that the Bar examinations be rescheduled to February 4, 2022, Friday; and February 6, 2022, Sunday,” the SC said.

Bar exams chairperson, SC Associate Justice Marvic Leonen, has urged Bar examinees to strictly undergo quarantine by January 20.

Bar takers who have concerns that are not within the competence of the SC’s help desks are advised to contact the SC via BarChairLeonen@gmail.com.

“Be patient. Take a few days off to regain your composure and then continue with your preparations. Soon, those who have the determination, tenacity, and resilience to overcome these challenges will become great lawyers who will serve our people well,” he said.

Leonen also expressed gratitude to local government units as well as schools that will host the command center and serve as local testing centers.

SEC to adopt zero face-to-face transaction policy amid COVID-19 case spike

Robie de Guzman   •   January 13, 2022

 

MANILA, Philippines — The Securities and Exchange Commission (SEC) announced it will be implementing a zero face-to-face transaction policy in its offices in Metro Manila starting Thursday, January 13.

In a notice issued on January 11, the SEC said the policy will be enforced in its main office within the PICC Complex in Pasay City and former headquarters along EDSA in Mandaluyong City, in  view of the fresh surge in COVID-19 cases in the region.

The policy will be in effect “until further notice.”

The commission said all applications for company registration, submissions of reportorial requirements, and other transactions will be accepted and processed through its online portals, email, courier and other remote means.

The SEC said it will maintain a skeleton workforce and implement other alternative work arrangements to ensure uninterrupted delivery of services despite the adjustments in its operations.

It advised the public to contact their hotline numbers or the concerned departments provided here for queries and other concerns.

Work suspension in Supreme Court offices extended until January 8

Robie de Guzman   •   January 6, 2022

MANILA, Philippines — The Supreme Court (SC) has announced that work in its offices will remain suspended until January 8, amid rising cases of COVID-9 among its personnel.

In Memorandum Order 3-2022 released on Wednesday, the SC said this is to pave the way for massive antigen testing of its personnel and allow further contact tracing on other employees who had close contacts with those infected with COVID-19.

Citing the report from the Medical and Dental Services, the SC said that the administration of antigen testing on all court personnel, as well as employees of service providers, has not yet been completed and that there is a high positivity rate among those already tested.

Personnel of the Office of the Bar Chair and Office of the Bar Confidant who are involved in the 2020/2021 bar examinations, Office of the Administrative Services-SC, MDS, and Receiving Section of the Judicial Records Office who are involved in e-filing, are still required to report on-site, the court said.

The court said it will deploy buses to ferry said personnel.

In a separate memorandum, the SC Office of the Court Administrator also announced a two-day work suspension from January 6 to January 7 in all the first and second level courts in the National Capital Region due to the increasing number of judges and court personnel contracting the virus.

The work suspension will allow the further disinfection of court premises and conduct of contact tracing and testing among the court personnel.

Due to the work suspension, the period of filing of all pleadings and other court submissions that would fall on the said days will also be extended.

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