![]() ![]() The interest due, however, ceased to be paid come January 2002, prompting Tabujara to file his complaint a quo against Abacus and IFSC for collection of sum of money with damages. Pursuant to IFSC's rehabilitation plan, Tabujara received interest payments from Abacus for the period Januto December 31, 2001. Meantime, IFSC's Petition for Declaration of Suspension of Payments was raffled to a regular court and was subsequently treated as a petition for rehabilitation. Upon maturity of the loan on August 7, 2000, Tabujara did not receive either the interest amount or the principal. Learning of this development, Tabujara gave notice to Abacus and IFSC that he is opting to pre-terminate his money placement. This petition was granted by the SEC and consequently, all actions for claims against IFSC were immediately suspended. However, on Jor shortly after Tabujara placed his investment, IFSC filed with the Securities and Exchange Commission (SEC) a Petition for Declaration of Suspension of Payments. To confirm the money placement, Abacus issued to Tabujara a "Confirmation of Investment" slip stating as follows: ![]() Abacus, in turn, lent the P3,000,000.00 to Investors Financial Services Corporation (IFSC, formerly CIPI Leasing and Finance Corporation) with a term of 32 days. On July 6, 2000, Tabujara engaged Abacus as his lending agent for purposes of investing his money in the principal amount of P3,000,000.00. Tabujara (Tabujara) for the amount of his investment with interest and damages.Ībacus is an investment house engaged in activities related to dealing in securities and other commercial papers. ![]() Contrary to the RTC's findings, the CA held petitioner Abacus Capital and Investment Corporation (Abacus) liable to respondent Dr. ![]() 93250 which reversed the Decision dated Januof the Regional Trial Court (RTC) of Pasig City, Branch 153. Sabre Travel Network Philippines supports the Philippines’ travel and tourism industry through its wide range of cutting-edge technological solutions that help create a new marketplace for personalized travel.This Petition for Review on Certiorari under Rule 45 of the Rules of Court assails the Decision dated Jof the Court of Appeals (CA) in CA-G.R. Following Sabre’s acquisition of Abacus in 2015, Sabre Philippines was renamed as Sabre Travel Network (Philippines) Inc. For more information visit Sabre Philippines was established in 1990 as a joint venture between Philippine Airlines and Abacus International. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. Sabre’s technology platform manages more than $260B worth of global travel spend annually. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveller experiences. Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. ![]()
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