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.
May 30, 2011corporate lawpiercing the corporate veiltrust fund doctrinestockholder liabilitycorporation codeunpaid subscriptions
Piercing the Corporate Veil: When Stockholders Become Liable for Corporate Debts in the Philippines
Philippine Supreme Court clarifies when stockholders may be held personally liable for corporate debts, including unpaid subscriptions and the trust fund doctrine.