Essentials of Business Law and Labor Law | 09 June 2023

Essentials of Business Law and Labor Law is a digital initiative of Alburo Law to provide legal knowledge to entrepreneurs to help improve their productivity and profitability by ensuring that businesses comply with relevant laws, rules, and regulations.

What are the implications of a corporation’s separate juridical personality?

Juridical persons may acquire and possess property of all kinds, as well as incur obligations and bring civil or criminal actions, in conformity with the laws and regulations of their organization.

What are the conditions for a corporation to acquire its owns shares?

Before a stock corporation can acquire its own shares, it must have unrestricted retained earnings in its books to cover said shares to be purchased or acquired plus a purpose of such intended acquisition.