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Wednesday, September 24, 2014
KOPPEL VS. ALFREDO L. YATCO, COLLECTOR OF INTERNAL REVENUE,
G.R. No. L-47673 October 10, 1946
Facts:
·
Koppel Philippines Inc. (KPI) has a
capital stock divided into thousand (1,000) shares of P100 each.
·
The Koppel Industrial Car and Equipment
Company (KICEC) owns 995 shares of the total capital stock. KICEC is organized
under US laws and not licensed to do business in the Philippines. The remaining
five (5) shares only...
Manuel Dulay Enterprises, Inc. v. CA, Torres [Aug 27, 1993]
Facts:
·
Manuel
R. Dulay Enterprises, Inc, a domestic corporation obtained various loans for
the construction of its hotel project, Dulay Continental Hotel (now Frederick
Hotel).
·
Manuel
Dulay by virtue of Board Resolution No 18 sold the subject property to spouses Maria
Theresa and Castrense Veloso.
·
Maria
Veloso (buyer), without the knowledge of Manuel Dulay, mortgaged the subject
property...
Union Bank v. SEC [June 6, 2001]
Facts:
·
Union
Bank sought the opinion of SEC as to the applicability
and coverage of the Full Material Disclosure Rule on banks, contending that
said rules, in effect, amend Section 5
(a) (3) of the Revised Securities Act which exempts securities issued or guaranteed by banking
institutions from the registration requirement.
·
Because
its securities are exempt from
the registration requirements under Section 5(a)(3)...
Lee (President of Philinterlife and FLAG) v. RTC, Enderes [Feb 23, 2004]
Facts:
·
Dr. Juvencio P. Ortañez incorporated the Philippine
International Life Insurance Company, Inc. on 1956. At the time of the
company’s incorporation, Dr. Ortañez owned ninety percent (90%) of the
subscribed capital stock.
·
On July 21, 1980, Dr. Ortañez died. He left behind
a wife (Juliana Salgado Ortañez), three legitimate children (Rafael, Jose
and Antonio Ortañez) and five
illegitimate children by Ligaya
Novicio (herein private respondent...
Lorenzo vs. Posadas Jr. [June 18, 1937]
Lorenzo vs. Posadas Jr. [June
18, 1937]
<3 Fluffy Peaches <3
Facts:
·
Thomas Hanley died, leaving a will and a considerable
amount of real and personal properties. Proceedings for the probate of his will
and the settlement and distribution of his estate were begun in the CFI of
Zamboanga. The will was admitted to probate.
·
The CFI considered it proper for the best interests
of the estate to appoint a trustee to administer the real properties...
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