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.

Showing 111 of 11 articles for suspension of payments

Corporate Responsibility Enforcing Contracts Despite Technicalities

Supreme Court clarifies corporate rehabilitation rules, HLURB receiver requests, and 180-day plan approval periods in Lexber v. Dalman.

Res Judicata in Corporate Rehabilitation: Final Judgments Bar Relitigation

Explore how the Supreme Court applied res judicata to bar relitigation of an approved corporate rehabilitation plan, ensuring finality.

SEC Suspension Order as a Valid Defense in B.P. 22 Cases: Gidwani v. People

When a lawful SEC suspension order precedes check presentment, the drawer may be excused from B.P. 22 liability.

SEC Suspension Order as Defense in B.P. 22 Cases: Gidwani v. People

Supreme Court rules SEC suspension of payments order excuses check dishonor under B.P. 22, reversing conviction of corporate officer.

Novation in Philippine Law: Understanding the Requirements for Extinguishing Obligations

Learn how novation extinguishes obligations under Philippine law, its requirements, and how the Supreme Court applies these rules in corporate rehabilitation cases.

Stay Orders in Corporate Rehabilitation: Why All Claims Against Distressed Firms Are Suspended

The Supreme Court explains why all claims against corporations under rehabilitation are suspended, regardless of when the claim arose.

Rehabilitation Petitions Technical Insolvency AND Creditors Rights IN Corporate Recovery

Philippine Supreme Court clarifies when a technically insolvent corporation may file for rehabilitation and how creditor rights are affected.

BP 22 Cases Not Suspended by Corporate Rehabilitation: Tiong Rosario v. Co

Corporate rehabilitation suspends claims against a company, but not criminal prosecution of officers for bouncing checks under BP 22.

Corporate Rehabilitation, Foreclosure, and Judicial Independence: Key Lessons from Rombe Eximtrade

A Supreme Court ruling clarifies when courts may issue injunctions against foreclosure after a rehabilitation case is dismissed.

Continuing SEC Jurisdiction Resolving Corporate Liquidation Disputes

Supreme Court clarifies SEC retains jurisdiction over pending corporate suspension and liquidation cases filed before June 30, 2000.

Suspension of Payments in the Philippines: Who Can File and What Are the Limits

The Supreme Court clarifies that only corporations, partnerships, or associations—not individuals—may file for suspension of payments under PD 902-A.