SunStar Publishing Inc.
IT HAS come to our attention that the news regarding the decision of the Supreme Court dated December 4, 2023 in a case between Hongkong Shanghai Banking Corp. and our client Governor Gwendolyn Garcia is now being circulated in social media.While we have not yet received a copy of this decision, we would like to remind the public not to be swayed by incomplete, misleading and malicious news reports obviously designed to tarnish the good image of the governor.
While this case was pending in the SC, HSBC then filed a Petition to Revive Judgment since it has been more than 10 years since the decision had become final. Unfortunately for HSBC, the Regional Trial Court of Taguig Branch 153 dismissed the petition since the action had already prescribed and the award could no longer be enforced. This prompted HSBC to elevate the dismissal to the Court of Appeals where it is now pending.
HSBC Vs Gwen Garcia Gwen Garcia HSBC Case Supreme Court Hongkong Shanghai Banking Corp.
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