CASE1

The CA told the SEC that revocation of license must be the last resort, and that
Rappler must be given time "to correct or modify the objectionable portions of
their articles of incorporation or amendment."

The CA also found merit in Rappler's argument that it had showed good faith in
complying with the SEC when foreign investor Omidyar waived its PDRs and donated
them to Rappler's Filipino managers. (READ: FAQs: Rappler SEC case)

“The Securities and Exchange Commission is hereby directed to conduct an evaluation

of the legal effect of the alleged supervening donation made by Omidyar Network of
all its Philippine Depositary Receipts to the Staff of Rappler Inc. Accordingly,
the case is hereby remanded to the Securities and Exchange Commission for this
purpose,” the CA said in the dispositive portion of the decision.

In effect, as explained by Rappler lawyer Francis Lim, this means that the SEC
decision "cannot be enforced or implemented until the issue is finally decided."
Rappler continues to operate.

The CA decision came out one year after Duterte's 2017 State of the Nation Address,
when he first publicly accused Rappler of being American-owned.

Read the full decision here: