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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Shareholder Rights Navigating Derivative Suits IN Philippine Corporate LAW
Understand when Philippine courts allow derivative suits, the requirements under the Interim Rules, and why majority shareholders cannot bypass the board of directors.
Election Contests and the 15-Day Rule: Eizmendi v. Fernandez on Corporate Governance
The Supreme Court clarifies that indirect attacks on corporate elections violate the 15-day reglementary period for election contests under the Interim Rules.
Rehabilitation for Defaulting Corporations Upholding Economic Recovery
The Supreme Court clarifies that corporations in default may still seek rehabilitation under the Interim Rules, promoting economic recovery.
Receivership in Intra-Corporate Disputes: When Courts May Take Over a Corporation
The Supreme Court clarifies the strict requirements for appointing a receiver or management committee in intra-corporate disputes under the Interim Rules.
Corporate Rehabilitation Venue and Joint Petitions Under Philippine Law
The Supreme Court clarifies venue rules for corporate rehabilitation and disallows joint petitions by separate corporations under the Interim Rules.
Third-Party Mortgages and Stay Orders: Scope Under Philippine Rehabilitation Law
Philippine Supreme Court clarifies that stay orders in corporate rehabilitation do not cover third-party or accommodation mortgages under the Interim Rules.
Rehabilitation Proceedings: The "Serious Financial Situation" Requirement for Corporate Recovery
Philippine Supreme Court clarifies the "serious situation test" for corporate rehabilitation petitions under the Interim Rules, citing Pryce Corporation v. Court of Appeals.
Deposition Deadlines in Intra-Corporate Cases: Philippine Computer Solutions v. Hernandez
The Supreme Court clarifies the 15-day discovery period under the Interim Rules on Intra-Corporate Controversies and the rule on interlocutory orders.
Management Committees in Philippine Corporate Disputes: When Courts May Intervene
Philippine Supreme Court clarifies when courts may create management committees in intra-corporate disputes under the Interim Rules.