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Jose M.

Roy III Vs Chairperson Teresita Herbosa, The Securities and Exchange


Commission and Philippine Long Distance Company
G.R. No. 207246
April 18, 2017

Subject: Civil Procedure


Topic: Judicial Review

Facts:

Before the Court is the Motion for Reconsideration dated January 19, 2017 (the Motion) filed by
petitioner Jose M. Roy III (movant) seeking the reversal and setting aside of the Decision dated
November 22, 2016 (the Decision) which denied the movant's petition, and declared that the
Securities and Exchange Commission (SEC) did not commit grave abuse of discretion in issuing
Memorandum Circular No. 8, Series of 2013 (SEC-MC No. 8) as the same was in compliance
with, and in fealty to, the decision of the Court in Gamboa v. Finance Secretary Teves (Gamboa
Decision) and the resolution denying the Motion for Reconsideration therein (Gamboa
Resolution).

The Motion presents no compelling and new arguments to justify the reconsideration of the
Decision.
The Decision has already exhaustively discussed and directly passed upon these grounds.
Movant's petition was dismissed based on both procedural and substantive grounds.

Issue: Whether the Court may take cognizance of the case and exercise its power of judicial
review

Ruling: No.The Court may exercise its power of judicial review and take cognizance of a case
when the following specific requisites are met: (1) there is an actual case or controversy calling
for the exercise of judicial power; (2) the petitioner has standing to question the validity of the
subject act or issuance, i.e., he has a personal and substantial interest in the case that he has
sustained, or will sustain, direct injury as a result of the enforcement of the act or issuance; (3)
the question of constitutionality is raised at the earliest opportunity; and (4) the constitutional
question is the very lis mota of the case. Petitioners' failure to sufficiently allege, much less
establish, the existence of the first two requisites for the exercise of judicial review warrants the
perfunctory dismissal of the petitions.

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