Beruflich Dokumente
Kultur Dokumente
the petitioner Chemphil has over P1.7M shares of stocks or "disputed shares".
the respondents Gonzales as assignee of BPI, RCBC, LBP, PCIB and PISO or
the consortium are all seeking for the recovery of their shares from the disputed
shares in Chemphil.
the consortium's writ of attachment over the disputed shares of Chemphil was
served to the secretary of the President of Chemphil.
CEIC argues that such writ of attachment is null and void because the notice of
garnishment was not validly served on the designated officer.
Issue:
Held:
YES.
We cannot subscribe to such a narrow view of the rule on proper service of writs of
attachment.