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Understanding Derivative Suits in the Philippines by Janno Sangalang is a document available to read on EtoBox.
What is Understanding Derivative Suits in the Philippines about?
A derivative suit allows a shareholder to sue on behalf of a corporation when the board has committed acts harmful to the corporation. To bring a derivative suit, the shareholder must have owned shares when the harmful acts occurred and filed the suit, and must have tried all remedies available in corporate documents first. A derivative suit is different from an individual suit, which a shareholder brings for personal harm, and a class action suit, which a group of shareholders brings for shared harm. In a
- Author
- Janno Sangalang
- Language
- EN