Latest Breaking News On - Iting conflict of interest and failure to return 53 owners 39 titles by the lawyers firm which representeda collection agency handling hgc 39s non moving - Page 1 : comparemela.com

Supreme Court (File photo) MANILA - The Supreme Court (SC) reprimanded two lawyers in an administrative complaint filed by the Home Guaranty Corporation (HGC). HGC is a government-owned and controlled corporation that takes the risk out of private investment in housing by providing risk covers and fiscal incentives to housing credits extended by developers, banks, and other financing institutions. The agency sought the disbarment of lawyers Lamberto Tagayuna and Elmar Panopio in 2015, citing conflict of interest and failure to return 53 owners' titles by the lawyers' firm which represented a collection agency handling HGC's non-moving, inactive, and past due receivables. HGC claimed conflict of interest since Tagayuna was also president of Blue Star Construction and Development Corp. (BSCDC) which in 2012, initiated an arbitration case against HGC. The 11-page resolution made public on Wednesday stated that Tagayuna and Panopio were only handed a stern warning that a repeti

Lamberto tagayunaJose ganganElmar panopioSupreme courtDevelopment corpHome guaranty corporationBlue star constructionRenato de panoSupreme court file photo manila the sc reprimanded two lawyers in an administrative complaint filed by home guaranty corporation hgc isa government owned and controlled that takes risk out of private investment housing providing covers fiscal incentives to credits extended developersNd other financing institutions the agency sought disbarment of lawyers lamberto tagayuna and elmar panopio in 2015Iting conflict of interest and failure to return 53 owners 39 titles by the lawyers firm which representeda collection agency handling hgc 39s non movingNd past due receivables hgc claimed conflict of interest since tagayuna was also president blue star construction and development corp bscdc which in 2012Nitiated an arbitration case against hgc the 11 page resolution made public on wednesday stated that tagayuna and panopio were only handeda stern warning thata repetition ofa similar offense shall merita heavier penalty accused lawyers claimed collection agreement was already expired when bscdc filed they merely exercising their right to withhold some documents since still owed law firm agency legal fees amounting php846212 the sc said requisites to exercise lien bya lawyer over his client 39s papers and properties were not met quot it is essential that consent application of its property unpaid fees becausea cannot unilaterally appropriateUot the court said quot here there is no proof that hgc consented to respondents 39 withholding of titles satisfy unpaid legal fees thusHe court finds that respondents lawyers improperly exercised its right to retain hgc 39s documents as lien