G.R. No. 108576 – 361 Phil. 103 – 301 SCRA 152 – Mercantile Law – Corporation Law – Trust Fund Doctrine Don Andres Soriano (American), founder of A. Soriano Corp. (ASC) had a total shareholdings of 185,154 shares. Broken down, the shares comprise of 50,495 shares which were of original […]
Corporation Law
79 posts
G.R. No. 108905 – 346 Phil. 114 – 281 SCRA 133 – Mercantile Law – Corporation Law – Members of the Corporate Board Grace Christian High School (GCHS) is an educational institution in Grace Village, Quezon City. Grace Village Association, Inc. (GVAI) is the homeowners association in Grace Village. GVAI […]
G.R. No. 117188 – 342 Phil. 651 – 276 SCRA 681 – 94 OG No. 19 – Mercantile Law – Corporation Law – Failure to File By-Laws In 1983, the Loyola Grand Villas Association, Inc. (LGVAI) was incorporated by the homeowners of the Loyola Grand Villas (LGV), a subdivision. The […]
G.R. No. 121466 – 343 Phil. 237 – 277 SCRA 462 – Mercantile Law – Corporation Law – By-laws and Innocent Third Persons In 1991, PMI Colleges hired the services of Alejandro Galvan for the latter to teach in said institution. However, for unknown reasons, PMI defaulted from paying his […]
G.R. No. 121791 – 360 Phil. 652 – 300 SCRA 469 – Mercantile Law – Corporation Law – By-Laws Must Not Impair Existing Rights In 1981, Enrique Salafranca was hired as an administrative officer by the Philamlife Village Homeowners Association, Inc. (PVHAI). Salafranca was tasked to manage the village’s day […]
G.R. No. L-48627 – 235 Phil. 369 – Mercantile Law – Corporation Law – Separate and Distinct Personality A certain Barretto initiated the incorporation of a company called Filipinas Orient Airways (FOA). Barretto was referred to as the “moving spirit” of said corporation because it was through his effort that […]
G.R. No. 79182 – 278 Phil. 493 – 201 SCRA 487 – Mercantile Law – Corporation Law – Jurisdiction over GOCCs and their subsidiaries in labor cases In June 1985, Danilo Mercado was dismissed by PNOC-Energy Development Corporation (PNOC-EDC) due to serious acts of dishonesty allegedly committed by Mercado. Mercado […]
G.R. No. L-58494 – 256 Phil. 475 – 175 SCRA 26 – Mercantile Law – Corporation Law – Jurisdiction over GOCCs and their subsidiaries in labor cases In December 1977, a Christmas party was held for the employees of Philippine National Oil Company – Energy Development Corporation (PNOC-EDC). In said […]
G.R. No. 120138 – 344 Phil. 348 – 278 SCRA 793 – Mercantile Law – Corporation Law – Transfer of Shares of Stocks – Corporate Records Judge Manuel Torres, Jr. owns about 81% of the capital stocks of Tormil Realty & Development Corporation (TRDC). TRDC is a small family owned […]
G.R. No. 119002 – 397 Phil. 751 – 343 SCRA 674 – Mercantile Law – Corporation Law – Corporation by Estoppel – When Applied In 1989, International Express Travel & Tour Services, Inc. (IETTI), offered to the Philippine Football Federation (PFF) its travel services for the South East Asian Games. […]
G.R. No. L-23145 – 135 Phil. 237 – 26 SCRA 242 – Mercantile Law – Corporation Law – Domicile of a Corporation – By Laws Must Yield To a Court Order – Corporation is an Artificial Being In March 1960, Idonah Perkins died in New York. She left behind properties […]
G.R. No. 54952 – Mercantile Law – Corporation Law – Corporations are not Filipino Citizens – Registration of Public Lands In 1978, Iglesia ni Cristo (INC) purchased a parcel of land from one Carmen Racimo in Ilocos Norte. In 1979, INC sought to register said land under its name pursuant […]
G.R. No. L-61145 – 212 Phil. 637 – 127 SCRA 687 – Mercantile Law – Corporation Law – Corporations are not Filipino Citizens In 1955 and 1973, the Iglesia ni Cristo (INC) purchased two parcels of land in Camarines Norte. In 1976, INC filed an application for confirmation of title […]
G.R. No. 89070 – 209 SCRA 55 – Mercantile Law – Corporation Law – Cooperatives are Treated as Corporations – Ultra Vires Acts of the Board Members Labor Law – NLRC Procedure – Jurisdiction of the NLRC In 1982, Peter Cosalan, then general manager of the Benguet Electric Cooperative (BENECO), […]
G.R. No. 129049 – 370 Phil. 901; 96 OG No. 52 – 312 SCRA 47 – Mercantile Law – Corporation Law – Government Owned and Controlled Corporation vs Private Corporation Baltazar Camporedondo was the administrator of the Surigao del Norte chapter of the Philippine National Red Cross (PNRC). In 1995, […]
A.M. No. No. R-181-P – 236 Phil. 520 – 152 SCRA 482 – Mercantile Law – Corporation Law – Piercing the Veil of Corporate Fiction – Exercised by the Wrong Person In 1984, the National Labor Relations Commission issued an order against Qualitrans Limousine Service, Inc. (QLSI) ordering the latter […]