MANILA, Philippines — The Court of Appeals stood by its earlier ruling denying online news site Rappler’s petition to reverse the Securities and Exchange Commission’s order to revoke its business registration. The case stemmed from SEC’s order to cancel the certificate of incorporation of the online news site and Omidyar’s Philippine Depository Receipts. Rappler appealed the order to the CA, but the appellate court rejected the news site’s petition and sent back the case to the SEC. “Therefore, this Court maintains that the assailed SEC En Banc Decision cannot be annulled on the ground that petitioners were denied due process,” the CA added. The ruling, penned by Associate Justice Rafael Antonio Santos, was dated February 21 but was made public only on Monday.
Source: Philippine Star March 11, 2019 06:20 UTC