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v.
Philippine Communications Satellite Corporation, Represented By Victor Africa
G.R. No. 200620
March 18, 2015
Facts:
Issue: Whether or not the RTC has jurisdiction over a stockholders’ suit to enforce its right of
inspection under the Corporation Code.
Ruling:
Upon the enactment of Republic Act No. 8799, the jurisdiction of the SEC over
intracorporate controversies and the other cases enumerated in Section 5 of P.D. No. 902-A
was transferred to the Regional Trial Court. The jurisdiction of the Sandiganbayan has been held
not to extend even to a case involving a sequestered company notwithstanding that the
majority of the members of the board of directors were PCGG nominees.