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Various creditors, including the Republic, also sought the same assets, arguing that as the crimes occurred in the Philippines and all victims were Filipino, Philippine courts (in this case, the Sandiganbayan) ought to disburse the funds according to Philippine law, which in the case of graft, provides that the funds rightly belong to the state ...
This doctrine fits under the broader framework of equity, in which a legal right to do something is not so unrestrained that it is impossible to abuse that right. A life tenant who is granted an estate "without impeachment of waste" (may not be sued for waste) may not commit acts of flagrant destruction inconsistent with the fruitful use of the ...
Two years later in 1998, the Comprehensive Agrarian Reform Law mandated that the funds recovered by the PCGG be automatically appropriated to fund the Philippines' agrarian reform programs. [32] Since then, assets recovered from the Marcoses by the PCGG has funded more than 80 percent of the Philippines' budget for agrarian reform.
Directors have a duty not to waste corporate assets by overpaying for property or employment services. Thus the definition of waste is an exchange so one-sided that no business person of ordinary, sound judgment could conclude the corporation has received adequate consideration. This is difficult to prove in a court of law.
Codification is predominant in countries that adhere to the legal system of civil law. Spain, a civil law country, introduced the practice of codification in the Philippines, which it had colonized beginning in the late 16th century. Among the codes that Spain enforced in the Philippines were the Spanish Civil Code and the Penal Code.
The ordinance was undone and Cincinnati taxpayers had to pay Buckeye $235,218 in taxpayer money for its legal fees. No doubt Cincinnati also paid a couple hundred thousand taxpayer dollars more ...
Renaming the Product Development and Design Center of the Philippines into the Design Center of the Philippines 2013-05-15: 10558: Increasing Plantilla Positions for the West Visayas State University and West Visayas State University Medical Center 2013-05-17: 10559: Renaming a Provincial Office of the PNP 2013-05-17: 10560
The Bengals are wasting one of Joe Burrow’s best seasons. The Browns are 1-5 ATS in their past six games and have lost six straight road games. The Bengals are 15-5 ATS in their past 20 games vs ...