Commercial and Business Law

Posts focused on Commercial and Business Law in the Philippines

When Are Directors Liable for Illegal Dismissal?

Learn when Philippine directors may personally pay backwages for illegal dismissal and what bad faith, participation, and due process require.

When Are Directors Liable for Illegal Dismissal? Read More »

Can Interlocking Directors Annul Unfair Corporate Contracts?

Can interlocking directors annul unfair contracts? This explainer covers Sections 30–32 and 43 of the Revised Corporation Code, corporate remedies, and veil piercing.

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How Are Self-Dealing Corporate Contracts Ratified?

Learn how Philippine corporations must disclose, approve, and ratify supplier contracts involving a director’s external company.

How Are Self-Dealing Corporate Contracts Ratified? Read More »

Can Philippine Directors Rely on the Business Judgment Rule?

Learn how Philippine directors can use the business judgment rule and avoid liability for bad faith, conflicts, gross negligence, and unlawful corporate acts.

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When Are Directors Personally Liable for Bad Faith Decisions?

Philippine law on director liability: when bad faith, gross negligence, unlawful acts, or conflicts of interest justify piercing the corporate veil.

When Are Directors Personally Liable for Bad Faith Decisions? Read More »

How Is an Informal Joint Venture Converted Into a Corporation?

Learn how to convert an informal joint venture into a Philippine corporation, including SEC registration, asset transfers, liabilities, taxes, and accounting.

How Is an Informal Joint Venture Converted Into a Corporation? Read More »