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Land Bank vs Oñate: Corporate Liability by May Angelica Teneza is a document available to read on EtoBox.

What is Land Bank vs Oñate: Corporate Liability about?

In this case, Land Bank of the Philippines sued ECO Management Corporation for defaulting on loans totaling 26 million pesos. Land Bank also sued Emmanuel Oñate, the majority shareholder and chairman/treasurer of ECO, arguing he should be held personally liable. Both lower courts ruled in favor of ECO and absolved Oñate of liability. The Supreme Court affirmed, finding Land Bank did not provide sufficient evidence to pierce the corporate veil and hold Oñate personally liable. Mere ownership of shares or coi

Author

May Angelica Teneza

Language

EN