Legal Insights

Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

Showing 1–2 of 2 articles for “corporate liabilities”

Sort:Newest Oldest

Sep 8, 2015 corporation code asset transfer corporate liabilities section 40 business enterprise transfer civil law

Corporate Asset Transfers: When Does a Buyer Inherit the Seller's Liabilities

Philippine Supreme Court clarifies when a corporation buying all assets of another also inherits its liabilities, under Section 40.

Feb 16, 2011 labor-law execution third-party-claim marital-property nlrc corporate-liability

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.