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Judicial dissolution, informally called the corporate death penalty, is a legal procedure in which a corporation is forced to dissolve or cease to exist. Dissolution is the revocation of a corporation's charter for significant harm to society. [ 2 ]
[57] [58] Marcos' Letter of Instruction No. 1-A, signed September 22, 1972, and addressed to the Secretary of the Department of National Defense, accused ABS-CBN and the Associated Broadcasting Corporation (now known as TV5) of delivering "deliberately slanted and overly exaggerated news stories and commentaries," of promoting the ends of the ...
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Philippine Collective Media Corporation (PCMC; officially known in their documents as Philippine CollectiveMedia Corporation) is a Philippine broadcast media company. [ 1 ] [ 2 ] Its headquarters are located in Barangay South Triangle, Quezon City , with offices in Makati and Tacloban .
Dissolution of a partnership is the first of two stages in the termination of a partnership. [1] "Winding up" is the second stage. [1] [2] Dissolution may also refer to the termination of a contract or other legal relationship; for example, a divorce is the dissolution of a marriage only if the husband or wife does not agree. If the husband and ...
A corporation sole is a legal entity consisting of a single ("sole") incorporated office, occupied by a single ("sole") natural person. [1] [2] This structure allows corporations (often religious corporations or Commonwealth governments) to pass without interruption from one officeholder to the next, giving positions legal continuity with subsequent officeholders having identical powers and ...
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A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...