151 SCRA 355 – Business Organization – Corporation Law – Cash Dividends
Madrigal & Company, Inc. (MCI) manages the business of another corporation, Rizal Cement Co., Inc. (RCC). In 1973, a labor union in MCI sought the renewal of the collective bargaining agreement (CBA). The union proposes a P200.00 monthly wage increase …
Business Organization – Corporation Law – Ultra Vires Acts of Corporate Officers – Derivative Suit
Sometime before November 1992, Vic Ang Siong issued a check to Concord-World Proeprties, Inc. The check amounted to P83.5 million. The check however bounced. In November 1992, Tam Wing Tak filed an affidavit-complaint for violation of the …
