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.
Feb 4, 2008corporate rehabilitationinterim rulesserious situation testpryce corporationstay orderreceivership
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.