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.

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Jun 19, 2019 corporate rehabilitation stay order penalty reduction cram-down power pd 902-a insolvency

Corporate Rehabilitation and Court-Approved Penalty Reductions: La Savoie v. Buenavista

A stay order voids judgments rendered in violation of it, and rehabilitation courts may reduce contractual penalties under an approved plan.