Guide to preferred shares for foreign ownership in Philippine energy deals, preserving Filipino board control and complying with voting and beneficial ownership rules.
Guide to using non-voting preferred shares under the foreign ownership cap, applying Gamboa v. Teves and SEC rules to protect investor capital.
Equity restructuring in the Philippines: SEC filing fees, Legal Research Fee, and rules on preferred shares and non-voting shares under the Revised Corporation Code.
The SEC Amendment Fees for Reclassifying Corporate Shares Read More »
Preferred shares and non-voting shares under Philippine law: AOI amendments, SEC requirements, and raising capital without losing voting control.
Issuing Preferred or Non-Voting Shares in the Philippines Read More »
Preferred shares and non-voting shares under Philippine law: AOI amendments, SEC requirements, and raising capital without losing voting control.
What fundamental right must always be retained by at least one class of shares? While certain shares, such as preferred or redeemable shares, may be deprived of voting rights, the Code mandates that there shall always be a class or series of shares with complete voting rights (SEC. 6, Revised Corporation Code of the Philippines).
What fundamental right must always be retained by at least one class of shares? Read More »
