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Corporate Liability in Asset Transfer Case by Aldrin Babanto Lamzon is a document available to read on EtoBox.

This document is a summary of a Supreme Court of the Philippines decision regarding a case involving the transfer of assets from one corporation to another. 1) The case involves a plaintiff, James Yu, who paid a corporation called MADCI for shares in a golf club that did not exist. Yu sued to recover his payment. 2) MADCI had transferred all of its assets, including land, to other corporations like YIL, YILPI and YICRI. Yu argued this transfer was fraudulent and violated corporation law. 3) The Suprem

Author

Aldrin Babanto Lamzon

Language

EN