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Showing 1–5 of 5 articles for “coconut levy”

Coconut Levy Funds Are Public Funds: SC Limits on Spending and Public Purpose

The Supreme Court ruled coco-levy funds are public funds, voiding laws that treated them as private property and allowed spending beyond their special purpose.

Who Owns the Shares When Public Funds and Private Interests Collide in San Miguel Corporation

The Supreme Court resolves who owns sequestered SMC shares bought with coconut levy funds—the registered owners or the coconut farmers.

Protecting Public Assets: Court Approves Conversion of Coconut Levy-Funded Shares Amidst Ownership Dispute

The Supreme Court allows converting sequestered SMC shares into preferred shares to protect public assets during the coconut levy ownership dispute.

Piercing the Corporate Veil: Suing Corporate Officers in Their Personal Capacity

The Supreme Court clarifies when corporate officers may be held personally liable for actions taken under their corporate roles, examining the coconut levy cases.

Whose Money Is It Anyway? Voting Rights and the Public Trust in Coconut Levy Funds

The Supreme Court ruled that coconut levy funds are prima facie public, so the PCGG may vote sequestered UCPB shares while ownership is still being litigated.