4/7/2021 E-Library - Information At Your Fingertips: Printer Friendly G.R. No. 212050 Llorente's Petition lacks any merit. On the issue of jurisdiction, Llorente argues that except for the mere issuance of the 2 bank drafts by EPCIB, all the material acts and transactions between him and SCPL transpired in Australia; and, in fact, his front money account with SCPL was even credited while he was in Australia.[31] Thus, the sole jurisdiction to hear and decide SCPL's complaint pertains to the Australian Court rather than the Philippine Court.[32] On SCPL's capacity to sue, Llorente argues that the condition sine qua non of the application of the isolated transaction rule is that the alleged delict or wrongful act must have occurred in the Philippines and the transaction between him and SCPL was in pursuance of the latter's casino business.[33] Regarding the resignation of JJC Law as SCPL's attorney-in-fact, Llorente argues that it is violative of Section 69 of the Corporation Code because SCPL is not licensed to do business in the Philippines.[34] As such, SCPL's complaint is a mere scrap of paper and any judgment rendered in connection therewith is a nullity which may be struck down even on appeal.[35] On the capacity of a foreign corporation to sue before Philippine courts, the applicable law is clear. Under Republic Act No. (RA) 11232[36] or the Revised Corporation Code of the Philippines (Revised Corporation Code), which became effective on February 23, 2019, [37] the pertinent provision is Section 150, which states: SEC. 150. Doing Business Without a License. - No foreign corporation transacting business in the Philippines without a license, or its successors or assigns, shall be permitted to maintain or intervene in any action, suit or proceeding in any court or administrative agency of the Philippines; but such corporation may be sued or proceeded against before Philippine courts or administrative tribunals on any valid cause of action recognized under Philippine laws. Section 150 of the Revised Corporation Code is a verbatim reproduction of Section 133 of Batas Pambansa Blg. (BP) 68 or the Corporation Code of the Philippines (Corporation Code), which provided: Sec. 133. Doing business without a license. - No foreign corporation transacting business in the Philippines without a license, or its successors or assigns, shall be permitted to maintain or intervene in any action, suit or proceeding in any court or administrative agency of the Philippines; but such corporation may be sued or proceeded against before Philippine courts or administrative tribunals on any valid cause of action recognized under Philippine laws. (69a) It must be noted that the Revised Corporation Code repealed the Corporation Code and any law, presidential decree or issuance, executive order, letter of instruction, https://elibrary.judiciary.gov.ph/thebookshelf/showdocsfriendly/1/65911 6/22