(NAR) VOL. 25 NO. 2 / APRIL - JUNE 2014

[ NLRC EN BANC RESOLUTION NO. 05-13, October 09, 2013 ]

SPURIOUS/FAKE SURETY BOND



Adopted: 09 October 2013
Date Filed: 22 April 2014

WHEREAS, appeal bond in labor case is intended to assure the workers that the monetary award will be given to them in the event that they will finally prevail in a case;

WHEREAS, it has been observed that some bonding companies are refusing to pay the judgment award on the ground that the surety bond is spurious/fake;

WHEREAS, refusal by a bonding company on the ground that the posted surety bond is fake/spurious can neither extinguish its solidary liability nor suspend execution proceedings. The welfare of the workingmen should be the primordial consideration.

WHEREFORE, RESOLVED AS IT IS HEREBY RESOLVED, that notwithstanding refusal of a bonding/surety company to pay on the ground that the bond is spurious/fake, execution of final judgment against the surety bond shall proceed unless enjoined by a higher court.

Signed this 9th day of October 2013 at Tagaytay City, Philippines.

(SGD) GERARDO C. NOGRALES
Chairman
   
(SGD) RAUL T. AQUINO
Presiding Commissioner
(SGD) ALEX A. LOPEZ
Presiding Commissioner
   
(SGD) HERMINIO V. SUELO
Presiding Commissioner
(SGD) GRACE M. TAN
Presiding Commissioner
   
(SGD) JOSEPH GERARD E. MABILOG
Presiding Commissioner
(SGD) VIOLETA O. BANTUG
Presiding Commissioner
   
(SGD) BARIO-ROD M. TALON
Presiding Commissioner
(SGD) PERLITA B. VELASCO
Commissioner
   
(SGD) ROMEO L. GO
Commissioner
(SGD) TERESITA D. CASTILLON-LORA
Commissioner
   
(SGD) ERLINDA T. AGUS
Commissioner
(SGD) GREGORIO O. BILOG III
Commissioner
   
(SGD) PABLO C. ESPIRITU, JR.
Commissioner
(SGD) NUMERIANO D. VILLENA
Commissioner
   
(SGD) ANGELO ANG PALA√ĎA
Commissioner
(SGD) DOLORES M. PERALTA-BELEY
Commissioner
   
(SGD) MERCEDES R. POSADA-LACAP
Commissioner
(SGD) ISABEL G. PANGANIBAN-ORTIGUERRA
Commissioner
   
(SGD) NIEVES E. VIVAR-DE CASTRO
Commissioner
(SGD) JOSE G. GUTIERREZ
Commissioner
   
(SGD) JULIE C. RENDOQUE
Commissioner
(SGD) PROCULO T. SARMEN
Commissioner

(SGD) DOMINADOR B. MEDROSO, JR.
Commissioner

Attested by:

(SGD) LA ELENITA F. CRUZ
Executive Clerk of Court IV



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