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Showing 1–2 of 2 articles for “club shares”

Breach of Trust Ownership of Club Shares and Fiduciary Duties in Philippine Law

When a club share is transferred temporarily, a trust is created. The Supreme Court explains ownership, fiduciary duties, and the rules on implied trusts in Philippine law.

Receivers' Duty to Preserve Sequestered Assets: Lessons from Republic v. Benedicto

When the PCGG sequestered Benedicto's golf club shares, unpaid dues led to their auction. The Court ruled receivers must preserve asset value.