arbitration

When may an arbitration agreement be included in a corporation’s articles of incorporation or bylaws, and what types of disputes are covered?

When may an arbitration agreement be included in a corporation’s articles of incorporation or bylaws, and what types of disputes are covered? An arbitration agreement may be provided in the articles of incorporation or bylaws, but only for an unlisted corporation (SEC. 181, Revised Corporation Code of the Philippines). When such an agreement exists, disputes […]

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What procedure must be followed regarding an intra-corporate court case if an arbitration agreement is discovered?

What procedure must be followed regarding an intra-corporate court case if an arbitration agreement is discovered? If an intra-corporate dispute is filed with a Regional Trial Court, the court is mandated to take action if it determines that an arbitration agreement is written in the corporation’s articles of incorporation, bylaws, or a separate agreement (SEC.

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What must occur before the SEC exercises its power to arbitrate a deadlock in a close corporation?

What must occur before the SEC exercises its power to arbitrate a deadlock in a close corporation? The SEC’s power to arbitrate a deadlock can be invoked only if the directors or stockholders are so divided on the management of the corporation’s business and affairs that the votes required for a corporate action cannot be

What must occur before the SEC exercises its power to arbitrate a deadlock in a close corporation? Read More »