Several years after, Irene, through her trustee-husband, Gregorio Ma. As petitioner Irene Marcos-Araneta would later allege, both corporations were organized pursuant to a contract or arrangement whereby Benedicto, as trustor, placed in his name and in the name of his associates, as trustees, the shares of stocks of FEMII and UEC with the obligation to hold those shares and their fruits in trust and for the benefit of Irene to the extent of 65% of such shares. (FEMII) and Universal Equity Corporation (UEC), respectively. Benedicto, now deceased, and his business associates (Benedicto Group) organized Far East Managers and Investors, Inc. The assailed CA decision annulled and set aside the Orders dated October 9, 2000, December 18, 2000, and Maof the Regional Trial Court (RTC), Branch 17 in Batac, Ilocos Norte which admitted petitioners' amended complaint in Civil Case Nos. 64246 and its Resolution 2 of Jdenying petitioners' motion for reconsideration. This Petition for Review on Certiorari under Rule 45 assails and seeks to nullify the Decision 1 dated Octoof the Court of Appeals (CA) in CA-G.R. BENEDICTO, and FRANCISCA BENEDICTO-PAULINO, Respondents. IRENE MARCOS-ARANETA, DANIEL RUBIO, ORLANDO G. Philippine Supreme Court Jurisprudence > Year 2008 > August 2008 Decisions >
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