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What is Woodchild vs. Roxax: Property Dispute Summary about?

The case involves an intra-corporate dispute between shareholders of Filipinas Port Services (Filport), a domestic corporation engaged in stevedoring services. Eliodoro Cruz, former president of Filport, filed a derivative suit with the SEC alleging that the board of directors mismanaged company funds by creating new executive positions and increasing salaries. The RTC ruled in favor of Cruz and ordered refunds. However, the CA reversed, finding that the board acted within its powers to create positions and

Author

Ray Legaspi

Language

EN