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 1–3 of 3 articles for “trust fund doctrine”

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Jun 28, 2021 corporate law capital reduction corporation code shareholder rights sec business judgment rule

Capital Reduction Rules in the Philippines: What Shareholders Should Know After Metroplex v. Sinophil

The Supreme Court clarifies the requirements for reducing corporate capital stock under Section 38 of the Corporation Code, and limits SEC review.

May 30, 2011 corporate law piercing the corporate veil trust fund doctrine stockholder liability corporation code unpaid 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.

Nov 24, 2010 appraisal right corporation code retained earnings dissenting stockholder corporate law litigation

Unrestricted Retained Earnings and the Appraisal Right of Dissenting Stockholders

When can a dissenting stockholder sue to collect the fair value of shares? The Supreme Court clarifies the timing rule.