When Can Sister Companies Be Treated As One?
Learn how Philippine courts assess sister companies, corporate control, fraudulent asset transfers, and proof required to pierce the corporate veil.
What is the liability rule applied to a sole shareholder of an OPC regarding corporate debts?
What is the liability rule applied to a sole shareholder of an OPC regarding corporate debts? A sole shareholder of a One Person Corporation who claims limited liability bears the affirmative burden of proving that the corporation was adequately financed (SEC. 130, Revised Corporation Code of the Philippines). If the single stockholder cannot prove that
