CDA Region XI EO

SPMC Compound, Friendship Road, Dumanlas, Buhangin, Davao City, 8000 Davao del Sur

Turn-Over of Cooperative Passbook and Financial Documents witnessed by CDA Davao Legal Unit

DAVAO CITY- In accordance with Rule III of the CDA Omnibus Rules of Procedures, any settlement agreement entered by the disputants shall have finality after the lapse of fifteen (15) days after its execution.

This was the case for a cooperative in Davao Del Norte on May 20, 2024 wherein two passbooks of the cooperative and their financial documents were successfully turned over to the new board of directors from its previous officers in Panabo City.

The said event was witnessed by the CDA Davao Legal Unit in partnership with the Philippine Rural Development Project and the Provincial Government of Davao del Norte.

The said turn-over was in line with the agreement entered by the disputants on a compromise agreement facilitated by the CDA Davao Legal Unit.

Through Section 4 (u) of RA 11364 as its legal basis, the Authority is mandated to adopt and implement a dispute resolution mechanism that will settle conflicts between and among members, officers, and directors of cooperatives, and between and among cooperatives in accordance with Article 137 of Republic Act No. 9520, Republic Act No. 9285, otherwise known as the “Alternative Dispute Resolution Act of 2004”.

The dialogue proceeding under the CDA is a process where the CDA Dialogue Facilitator forges the power to recommend and assist the parties to isolate issues and options to reach an amicable settlement by consensus that jointly satisfies the parties.