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  1. The Philippines renounces war as an instrument of national policy, adopts the generally accepted principles of international law as part of the law of the land and adheres to the policy of peace, equality, justice, freedom, cooperation, and amity with all nations.

  2. 23 Ιουλ 2022 · As agent entrusted with the management of the corporation, he is expected to observe the utmost level of good faith. This duty which the officer or director owes to the corporation is otherwise known as the fiduciary duty of loyalty.

  3. In the Philippines, a corporation has always been defined as “an artificial being created by operation of law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence”.

  4. AN ACT PROVIDING FOR THE FORMATION AND ORGANIZATION OF CORPORATIONS, DEFINING THEIR POWERS, FIXING THE DUTIES OF DIRECTORS AND OTHER OFFICERS THEREOF, DECLARING THE RIGHTS AND LIABILITIES OF SHAREHOLDERS AND MEMBERS, PRESCRIBING THE CONDITIONS UNDER WHICH SUCH CORPORATIONS MAY TRANSACT BUSINESS, AND REPEALING CERTAIN ARTICLES OF THE CODE OF COMM...

  5. - For purposes of this Code, a foreign corporation is one formed, organized or existing under laws other than those of the Philippines' and whose laws allow Filipino citizens and corporations to do business in its own country or State.

  6. 20 Ιουν 2018 · Corporate law, as a constitutive law in the corporate system, includes the legal theory concept of fiduciary duties. Fiduciary duty law prescribes that a fiduciary should act in the interest of the beneficiary and without self-interest.

  7. On February 20, 2019, Republic Act No. 11232, or the Revised Corporation Code of the Philippines (“Revised Corporation Code”) was approved into law, which substantially amended the Corporation Code. The Revised Corporation Code currently applies to all private corporations in general.

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