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1. To sue and be sued in its corporate name; 2. Of succession by its corporate name for the period of time stated in the articles of incorporation and the certificate of incorporation; 3. To adopt and use a corporate seal; 4. To amend its articles of incorporation in accordance with the provisions of this Code; 5.
G.R. No. 187872 November 17, 2010. STRATEGIC ALLIANCE DEVELOPMENT CORPORATION, Petitioner, vs. STAR INFRASTRUCTURE DEVELOPMENT CORPORATION ET AL., Respondents. D E C I S I O N. PEREZ, J.: The classification of causes of action as intra-corporate disputes is at the heart of this petition for review on certiorari filed pursuant to Rule 45 of the ...
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- The Relationship Test
- The Nature of Controversy Test
- Who Has Jurisdiction Over Intra-Corporate Disputes?
- Recent Development: Now Arbitration Is Required
- Force and Effect of The Arbitration Agreement
- About Nicolas and de Vega Law Offices
Under the relationship test, there is an intra-corporate controversy when the conflict is: (1) between the corporation, partnership, or association and the public; (2) between the corporation, partnership, or association and the State insofar as its franchise, permit, or license to operateis concerned; (3) between the corporation, partnership, or a...
On the other hand, in accordance with the nature of controversy test, an intra-corporate controversy arises when the dispute is not only rooted in the existence of an intra-corporate relationship, but also in the enforcement of the parties’ correlative rights and obligations under the corporation codeand the internal and intra-corporate regulatory ...
The Securities and Exchange Commission is given original and exclusive jurisdiction to hear and decide cases involving intra-corporate controversies, as provided under Section 5 of Presidential Decree No. 902-A. Republic Act No. 8799, or otherwise known as the Securities Regulation Code, which took effect on 08 August 2000, transferred jurisdiction...
Section 181 of Republic Act No. 11232, otherwise known as the Revised corporation code, which took effect on 23 February 2019, requires that intra-corporate disputes be referred to arbitration, to wit: “SEC. 181. Arbitration for Corporations. – An arbitration agreement may be provided in the articles of incorporationor bylaws of an unlisted corpora...
Accordingly, the arbitration agreement shall be binding on the corporation, its directors, trustees, officers, and executives or managers. To be enforceable, the arbitration agreement should indicate the number of arbitrators and the procedure for their appointment. The power to appoint the arbitrators forming the arbitral tribunal shall be granted...
If you need assistance in corporate law, commercial law, corporate or commercial litigation including One Person Corporations, or civil or other criminal law-related issues, we can help you. Nicolas and de Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave...
50 civil code of the philippines, article 1390. 51 CIVIL CODE OF THE PHILIPPINES, Article 1393. Ratification may be effected expressly or tacitly. lt is understood that there is a tacit ratification if, with knowledge of the reason which renders the contract voidable and such reason having ceased, the person who has a right to invoke it should ...
Apr 27, 2019 · All corporations shall file with the Securities and Exchange Commission articles of incorporation in any of the official languages, duly signed and acknowledged or authenticated, in such form and manner as may be allowed by the Securities and Exchange Commission, containing substantially the following matters, except as otherwise prescribed by the Revised Corporation Code or […]
mentioned in the articles of incorporation as originally forming and composing the corporation and who are signatories thereof. SEC. 6. Classification of Shares. – The classification of shares, their corresponding rights, privileges, or restrictions, and their stated par value, if any, must be indicated in the articles of incorporation.
Jan 9, 2024 · The Articles of Incorporation is a document that formally establishes the existence of a corporation in the Philippines. It must be in compliance with the Corporation Code of the Philippines and submitted to the SEC for approval. Key Components of the Articles of Incorporation.
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