Manila Prince Prince Hotel v. GSIS GR 122156, 3 February 1997 F!"S# The Government Service Insurance System (GSIS), pursuant to the privatization program of the Philippine Government under Proclamation 50 dated !ecem"er #$%, decided to sell through pu"lic "idding "idding &0' to 5#' of the issued issued and outstanding outstanding shares of the anila otel (*)+ (*)+ In a close "idding "idding held on # Septem"er #$$5 only to "idders participated- anila Prince otel *orporation, a .ilipino corporation, hich offered to "uy 5#' of the * or #5,&00,000 shares at P/#+5 per share, and enong 1erhad, a alaysian firm, ith ITT2Sheraton ITT2Sheraton as its hotel operator, hich "id for the same num"er of shares at P//+00 per share, or P3+/3 more than the "id of petitioner+ Pending the declaration of enong 1erhard as the inning "idder4strategic partner and the eecution of the necessary contracts, the anila Prince otel matched the "id price of P//+00 per share tendered "y enong 1erhad in a letter to GSIS dated 3 Septem"er #$$5+ anila Prince otel sent a manager6s chec7 to the GSIS in a su"se8uent letter, "ut hich GSIS refused to accept+ 9n #: 9cto"er #$$5, perhaps apprehensive that GSIS has disregarded the tender of the matching "id and that the sale of 5#' of the * may "e hastened "y GSIS and consummated ith enong 1erhad, anila Prince otel came to the *ourt on prohi"ition and mandamus+ ISS$%# ;hether ;hether or not the provisions provisions of the *onstitut *onstitution, ion, particula particularly rly
oyed or protected, is self2eecuting+ Thus a constitutional provision is self2eecuting if the nature and etent of the right conferred and the lia"ility imposed are fied "y the constitution itself, so that they can "e determined "y an eamination and construction of its terms, and there is no language indicating that the su">ect is referred to the legislature for action+ In fine, Section #0, second paragraph,