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What is Corporate Liability and Stock Ownership Disputes about?
1) National Development Corporation challenged the constitutionality of a law that extinguished all mortgages and liens on assets of rehabilitated companies, including a mortgage held by Philippine Veterans Bank. 2) The Supreme Court upheld the law, finding that the rehabilitation of the Agrix Group of Companies was a valid exercise of police power for public welfare. 3) While the bank
- Author
- Belle Concepcion
- Language
- EN