About this document
Fortuna Paper by Arrianne Obias is a document available to read on EtoBox.
The Supreme Court ruled that Fortuna Paper Mill was qualified to file for corporate rehabilitation under Philippine law, despite owing debts. [1] However, the Court found that the proposed rehabilitation plan lacked feasibility and terminated the rehabilitation proceedings. [2] While a debtor corporation can file for rehabilitation even when insolvent, the plan must actually be viable and not intended solely to delay creditors. [3] In this case, liquidation would better serve economic interests than an unfe
- Author
- Arrianne Obias
- Language
- EN