Legal Insights

When SEC Authority Prevails: Jurisdiction and Real Party in Interest in Corporate Debt Disputes

Learn how the Supreme Court clarified jurisdiction and real party in interest rules in corporate debt disputes under SEC authority.

Piercing the Corporate Veil: When Can a Stockholder’s Assets Answer for Corporate Debts

The Supreme Court clarifies that stockholders are not automatically liable for corporate debts, even in close corporations, and explains when personal assets may be reached.

Piercing the Corporate Veil: When Can Stockholders Be Held Liable for Corporate Debts

The Supreme Court clarifies that stockholders of a close corporation are not automatically personally liable for corporate debts, explaining the limits of piercing the corporate veil.

Corporate Officer Liability: When Directors Can Be Held Personally Liable for Corporate Debts

Philippine Supreme Court clarifies when corporate officers may be held personally liable for corporate debts and labor awards.

Piercing the Corporate Veil: When Debt Recovery Fails Against Corporate Officers

The Supreme Court clarifies when creditors can hold corporate officers personally liable for corporate debts under the alter ego doctrine.

Piercing the Corporate Veil: When Directors Face Personal Liability for Corporate Debts

The Supreme Court clarifies when corporate directors may be held personally liable for corporate debts, requiring clear and convincing evidence of bad faith or fraud.

Rehabilitation Courts Have Limited Jurisdiction Over Insurance Claims of Corporate Debtors

Supreme Court clarifies that rehabilitation courts cannot adjudicate insurance claims filed by the distressed company against its insurers.

Accommodation Party Liability: Personal Checks for Corporate Debt

When a corporate officer issues personal checks for a company loan, they may be personally liable as an accommodation party under Philippine law.

Piercing the Corporate Veil: When Stockholders Become Liable for Corporate Debts in the Philippines

Philippine Supreme Court clarifies when stockholders may be held personally liable for corporate debts, including unpaid subscriptions and the trust fund doctrine.

Protecting Marital Assets When Corporate Debt Cannot Seize Family Property

Supreme Court ruling on when corporate debts cannot reach family property, and the proper remedy for third-party claims in labor execution.

Protecting Employee Retirement Funds Invalidating Reversion of Assets to Cover Corporate Debt

The Supreme Court ruled that a provident fund cannot be used to pay the employer's debts, protecting employees' retirement benefits.

Contractual Obligations Prevail: Surety Liable Despite Principal Debtor's Insolvency

Supreme Court rules surety remains liable for corporate debts even after principal debtor is declared insolvent, upholding solidary obligations.

Speedy Disposition of Cases: Balancing Rights With Reasonable Delay

In Bautista v. Auto Plus Traders, the Supreme Court acquitted an officer of bouncing-check charges and refused to hold him personally liable for corporate debts.

Piercing the Corporate Veil: When Owners Face Personal Liability for Corporate Obligations

Philippine Supreme Court explains when courts may disregard corporate fiction and hold owners personally liable for corporate debts and obligations.

Piercing the Corporate Veil: When Officers Face Personal Liability for Corporate Debt

Philippine Supreme Court clarifies when corporate officers can be held personally liable for corporate debts, and when piercing the corporate veil is justified.

Upholding Surety Agreements: Corporate Debts Bind Individual Guarantors

Supreme Court ruling on when corporate officers who sign surety agreements become personally liable for corporate debts.

When Can a Corporate Officer Be Personally Liable for Corporate Debt

Philippine Supreme Court ruling on when corporate officers may be held personally liable for corporate obligations and the limits of the corporate veil.

When Is a Spouse's Debt Chargeable to the Conjugal Partnership

Supreme Court clarifies when a husband's surety agreement binds the conjugal partnership, distinguishing corporate debts from family obligations.

Corporate Liability vs Personal Guarantee: Surety Agreements in the Philippines

Philippine Supreme Court ruling on when a continuing surety agreement covers corporate debts and when it does not bind the surety.

Piercing the Corporate Veil: When Are Company Officers Liable for Corporate Debts in the Philippines

Philippine Supreme Court ruling on when corporate officers and close corporation stockholders can be held personally liable for separation pay.

Piercing the Corporate Veil: When Can a Shareholder Be Liable for Corporate Debt

Learn when Philippine courts hold shareholders personally liable for corporate debts and the legal grounds for piercing the corporate veil.