The Supreme Court (SC) has denied an omnibus motion of the government to include the 25.45-million San Miguel Corporation (SMC) shares that were subject of a 1990 compromise agreement as part of SMC assets to be reconveyed to the State.

In a 27-page en banc resolution penned by Justice Presbitero Velasco Jr. in the consolidated cases in GR Nos. 177857-88 (Philippine Coconut Producers Federation Inc., et al. v. Republic) and GR No. 178193 (Ursua v. Republic) promulgated on October 5, 2016, the High Court said the denial was without prejudice to the right of respondent to institute the appropriate action or proceeding where SMC’s alleged right over the 25.45 million SMC treasury shares will be determined and finally resolved.

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