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Merc 1. Global Business Holdings vs. Surecomp
Merc 1. Global Business Holdings vs. Surecomp
Petition denied.
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*SECOND DIVISION.
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with the statutes, chiefly in cases where such person has received
the benefits of the contract.
NACHURA,** J.:
Before the Court is a petition for review on certiorari
under Rule 45 of the Rules of Court, assailing the Decision1
dated May 5, 2006 and the Resolution2 dated July 10, 2006
of the Court of Appeals (CA) in CA-G.R. SP No. 75524.
The facts of the case are as follows:
On March 29, 1999, respondent Surecomp Software,
B.V. (Surecomp), a foreign corporation duly organized and
existing under the laws of the Netherlands, entered into a
software license agreement with Asian Bank Corporation
(ABC), a domestic corporation, for the use of its IMEX
Software System (System) in the banks computer system
for a period of twenty (20) years.3
In July 2000, ABC merged with petitioner Global
Business Holdings, Inc. (Global),4 with Global as the
surviving corporation. When Global took over the
operations of ABC, it found
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5Rollo, p. 11.
6Id.
7Id., at p. 12.
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8Id.
9Penned by Pairing Judge Cesar D. Santamaria, Branch 146, Makati City; id.,
at pp. 105-107.
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13Id., at p. 110.
14Id., at pp. 108-110. (Citations omitted.)
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15Id., at p. 15.
16Supra note 1.
17Id., at p. 17.
18Supra note 2.
19Rollo, pp. 511-512.
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