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LADY
LYDIA
CORNISTADOMINGO,
SYLVIA
SALANGA,
LIWAYWAY
SILAPAN,
CYNTHIA
ALICANTE, ALBERTO ANCHETA, ANA MARIA
SANCHEZ, ELENA TUMBAGA, PEDRO JOSU,
TERESITA VOCAL, ROSIE ANCHETA, LILIA PINUELA
JULIAN, IMELDA ERESE, NORMA YABUT, LOURDES
PINEDA,
CORAZON
CARANDANG,
ERLINDA
GUTIERREZ, MARIO MILAN, FLAVIANO MEJIA, JR.,
ESTELA AYSON, ENRIQUE GARAYGAY, ROSE
DAILEG, JOSE CALDO, RITA BATAC, MARIA
CORAZON GALAN, MA. ELISA GAYO, DEBBIE
RODRIGUEZ,
CAROLINA
CABEBE,
EDGARDO
BOLIVAR, FE ILAGAN, TERESITA MONDEJAR,
ELVIRA ANGELES, PEDRO EMPIG, LUZ MARQUEZ,
TERESITA DORIA, ABELARDO BONTOC, MADELON
REYESYEE and FILOMENO CINCO, JR., petitioners, vs.
NATIONAL LABOR RELATIONS COMMISSION, LABOR
ARBITER
EDUARDO
J.
CARPIO,
PHILIPPINE
VETERANS BANK and/or SUNDAY LAVIN, PHILIPPINE
VETERANS BANK EMPLOYEES UNION and/or
FELIZARDO SARAPAT, AMELITA DURIAN, RICARDO
RICAFRENTE, LEON MAGALONA, FERMIN CASTILLO,
NORMINIO MOJICA and OLYMPIO DE GUZMAN,
respondents.
Philippine Veterans Bank Liquidation Rehabilitation The
enactment of R.A. No. 7169 did not nullify Monetary Board
Resolution No. 612 which earlier placed the PVB under
liquidation and caused the termination of employment of the
employees.As we see it, upon implementation of Monetary
Board Resolution No. 612 and prior to the passage of R.A. No.
7169, the Bank ceased to exist. Its subsequent rehabilitation was
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SECOND DIVISION.
660
660
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661
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662
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Veterans Bank, G.R. No. 67125, August 24, 1990, 189 SCRA 14,
consolidated with Simeon Medalla, et al. v. Central Bank of the
Philippines, et al., G.R. No. 82387.
4
664
On January
2, 1992, Congress enacted Republic Act (R.A.)
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No. 7169, authorizing the Central Bank to reopen the
Bank.
To facilitate the implementation of R.A. No. 7169, a
Rehabilitation Committee was created by the Monetary
Board. The committee thus created was given the power to
select and to organize an initial manning force headed by a
management team to be staffed by a trained workforce.
Hiring preference was given the veterans
and their
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dependents, other qualifications being equal.
At this juncture, several employees of the Bank initiated
a series of cases claiming that the enactment of R.A. No.
7169 nullified Monetary Board Resolution No. 612 placing
respondent Bank under liquidation and, in effect, also
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Republic Act 3518, Providing the Mechanisms Therefor and for other
Purposes.
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legal basis.
SO ORDERED.
666
office provided the latter is of equivalent rank and at least has the
same rate of pay.
For this purpose, appellee is hereby ordered to temporarily
cease and desist from further hiring new employees which might
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and PVBEUNUBE.
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668
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669
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670
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Supra note 5.
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671
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Supra note 3.
Philippine Carpet Employees Association v. Philippine Carpet
672
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No. 7169. The fact that it did not only shows its clear
legislative intent to give the new bank a free hand in the
selection and hiring of its new staff.
We have to acknowledge the sad reality that giving in to
petitioners demand of wholesale reinstatement with back
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673
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674
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675
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676
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Petition denied.
Notes.A compromise agreement cannot cover any
cause of action that might arise after the making of the
agreement and that any cause of action which may arise
from the application or violation of the compromise
agreement is not barred by what was settled in the prior
case. (Guevara vs. Benito, 247 SCRA 570 [1995])
It is crystal clear that the concept of liquidation is
diametrically opposed or contrary to the concept of
rehabilitation, such that both cannot be undertaken at the
same time. (Phil
_______________
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Salvador v. Ortoll, G.R. No. 140942, October 18, 2000, 343 SCRA
658.
678
678
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