Guide to corporate dissolution of energy subsidiaries in the Philippines, including SEC procedures and DOE clearance and ERC clearance expectations.
Corporate Dissolution of Energy Subsidiaries: Securing Clearances from the DOE and ERC Read More »
What is the rule concerning the forfeiture of assets of a corporation involuntarily dissolved for illegal acts? If a corporation is ordered dissolved by final judgment for committing or aiding in securities violations, money laundering, or graft and corrupt practices, its assets, after payment of its liabilities, shall be forfeited in favor of the national
What are the four grounds upon which the SEC may dissolve a corporation involuntarily? A corporation may be dissolved involuntarily by the SEC motu proprio or upon the filing of a verified complaint by any interested party (SEC. 138, Revised Corporation Code of the Philippines). Grounds for dissolution include the non-use of the corporate charter
What are the four grounds upon which the SEC may dissolve a corporation involuntarily? Read More »
