FACTS: BF Corporation entered into agreements with Shangri-La wherein it undertook to construct for Shangri-La a mall and a multilevel parking structure along EDSA. When Shangri-La started defaulting in payment, Shangri-La induced BF Corporation to continue with the construction of the buildings using its own funds and credit. According to BF Corporation, ShangriLa misrepresented that… Read More LANUZA v. BF CORPORATION G.R. No. 174938 October 1, 2014 Piercing the Veil of Corporate Fiction

FACTS: Pursuant to the by-laws of Legaspi Towers 300, Inc., petitioners, incumbent Board of Directors, set the annual meeting of the members of the condominium corporation and the election of the new Board of Directors. However, petitioners adjourned the meeting for lack of quorum. The group of respondents challenged the adjournment of the meeting and… Read More Legaspi Towers vs. Muer G.R. No. 170783 Derivative Suits

FACTS: Belo Medical Group received a request from Jose Santos for the inspection of corporate records. Belo objected to this request and wrote Belo Medical Group to repudiate Santos co-ownership of her shares and his interest in the corporation, claiming that the 25 shares in his name were merely in trust for her, as she,… Read More BELO MEDICAL GROUP v. JOSE SANTOS GR No. 185894, Aug 30, 2017 Intra-Corporate Controversy, “Relationship Test”, “Nature of Controversy Test”

FACTS: Respondent iBank, granted loans to Hammer Garments Corp., for the total amount of P24,938,898.08. The loans were secured by a P 9 Million-Peso Real Estate Mortgage executed by Goldkey over several of its properties and a P 25 Million-Peso Surety Agreement signed by Chua, President and General Manager of Hammer and his wife, Fe… Read More HEIRS OF FE TAN UY v. INTERNATIONAL EXCHANGE BANK, G.R. No. 166282, February 13, 2013 Piercing the Veil of Corporate Fiction, Alter Ego Doctrine

FACTS: San Jose was elected Corporate Secretary and as a member of the Board of Directors of Philcomsat Holdings Corporation (PHC) since 1996 until he resigned and ceased to be connected with PHC in 2007. He was then replaced Angcao as the Corporage Secretary. Angcao received a letter from Ozamiz, a stockholder of PHC requesting… Read More SAN JOSE vs. OZAMIZ G.R. No. 190590 July 12, 2017, Intra-corporate Controversy – Jurisdiction

FACTS: Traders Royal Bank (TRB) proposed to sell to petitioner Bank of Commerce (Bancommerce) for its banking business consisting of specified assets and liabilities. Bancommerce agreed subject to prior BSP’s approval of their Purchase and Assumption (P & A) Agreement. The BSP approved that agreement subject to the condition that Bancommerce and TRB would set… Read More BANK OF COMMERCE vs. RADIO PHILIPPINES  G.R. No. 195615 April 21, 2014 Merger and De Facto Merger, Corporation Code