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Showing 1–11 of 11 articles for “financial distress”

Navigating Corporate Rehabilitation: Strict Compliance vs Equitable Relief in Financial Distress

The Supreme Court clarifies when liberality in procedural rules applies in corporate rehabilitation appeals, balancing equity with due process for creditors.

Rehabilitation Over Liquidation: Protecting Corporate Viability in Financial Distress

The Supreme Court affirms that corporate rehabilitation, not liquidation, is preferred when a distressed firm can be revived and creditors remain protected.

Corporate Rehabilitation and the Right to Sue: Clarifying Corporate Powers in Financial Distress

The Supreme Court clarifies that corporate rehabilitation does not strip a corporation of its power to sue to recover its property.

Diminution of Benefits, Union Authority, and Validity of MOA in Financial Distress

Philippine Supreme Court ruling on when a Memorandum of Agreement reducing employee benefits is valid despite financial distress and union ratification issues.

Philippine Airlines Retrenchment: Proving Financial Distress and Fair Implementation

The Supreme Court ruled PAL's 1998 mass retrenchment illegal for failure to prove losses and use fair criteria. Here's what employers must show.

Business Closure in the Philippines: Navigating Layoffs and Employee Rights During Financial Distress

Learn the rules on business closure in the Philippines, including separation pay, notice requirements, and employee rights when a company shuts down due to losses.

Equitable Mortgage VS Absolute Sale Protecting Property Rights IN Financial Distress

Equitable Mortgage vs Absolute Sale: Protecting Borrowers in Financial Distress

When is a deed of absolute sale really a mortgage? The Supreme Court explains how courts protect borrowers who sign sale documents under financial pressure.

Execution Pending Appeal: Financial Distress Alone Is Not a Good Reason

The Supreme Court clarifies that a corporation's financial distress is not, by itself, a "good reason" for execution pending appeal.

Execution Pending Appeal: Understanding When Philippine Courts CAN Order Immediate Payment

Learn when Philippine courts may allow execution pending appeal, the "good reason" requirement, and why financial distress alone is not enough.

Execution Pending Appeal: When Good Reasons Exist in Philippine Civil Procedure

Philippine Supreme Court clarifies when execution pending appeal is allowed, emphasizing that financial distress of a corporate party is not a "good reason."