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On March 31, 2009, the Court, by a vote of 7–5, denied the first motion for reconsideration. [3] The second motion for reconsideration was denied on April 28, 2009. [4] On December 21, 2009, the Court, by a vote of 6-4 reversed its November 18, 2008, decision and declared the Cityhood Laws as constitutional.
The Board of Directors did not reach an informed business judgment because they did not adequately inform themselves, were uninformed as to the intrinsic value of the Company and were grossly negligent in approving the "sale" of the Company upon two hours' consideration; therefore, the business judgment rule provides no protection. Court membership
"Leading case" is commonly used in the United Kingdom and other Commonwealth jurisdictions instead of "landmark case", as used in the United States. [ 1 ] [ 2 ] In Commonwealth countries, a reported decision is said to be a leading decision when it has come to be generally regarded as settling the law of the question involved.
Pages in category "Supreme Court of the Philippines cases" The following 23 pages are in this category, out of 23 total. This list may not reflect recent changes. B.
An Act creating three (3) additional Shari'a Judicial Districts and twelve (12) Shari'a Circuit Courts therein, and appropriating funds therefor, amending for the purpose Articles 138, 147, and 150 of Presidential Decree No. 1083, otherwise known as the "Code of Muslim Personal Laws in the Philippines [82]", as amended, and the relevant ...
The business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is rooted in the principle that the "directors of a corporation ... are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona fides regard for the interests of the corporation whose affairs ...
Oposa v. Factoran, G.R. No. 101083, 224 S.C.R.A. 792 (1993), alternatively titled Minors Oposa v.Factoran or Minors Oposa, is a landmark decision of the Supreme Court of the Philippines recognizing the doctrine of intergenerational responsibility on the environment in the Philippine legal system.
The judiciary of the Philippines consists of the Supreme Court, which is established in the Constitution, and three levels of lower courts, which are established through law by the Congress of the Philippines. The Supreme Court has expansive powers, able to overrule political and administrative decisions, and with the ability to craft rules and ...