DVOR College of Law

Corporation and Securities Law

Judge Manasseh S. Bastes
BACA (UP), LLB (USC)

2nd Semester, AY 2019-2020

Class Rules:

1. Attendance is a must. A total of more than eight (8) absences per semester shall
automatically drop a student from the roll.

2. Read all assigned provisions and jurisprudence. Recitation and quizzes shall
constitute 50% of the grade. The other 50% shall be taken from major examinations.

3. Make-up examinations shall not be allowed, except only in case of medical

emergency of the student. Failure to take the examination, quiz or recitation on the
scheduled date or session shall mean a zero score in that examination, quiz or
recitation.

4. All electronic gadgets, books, notes, etc. must be placed below the seat, except
writing pens and blank papers during quizzes and examinations.

References: 1. Villanueva & Tiansay, Philippine Corporate Law, 2013 Ed.

2. THE CORPORATION CODE OF THE PHILIPPINES

(BATAS PAMBANSA BLG. 68);

3. Revised Corporation Code (R.A. 11232)

3. Securities and Regulation Code (R.A. 8799)

COURSE OUTLINE AND CASE ASSIGNMENTS

WEEK 1

1. CONCEPT AND ATTRIBUTES OF A CORPORATION

CASES:

1. Feliciano vs. COA, January 14, 2004;

2. Manila International Airport Authority vs. CA, 20 July 2006;
3. Magsaysay-Labrador vs. CA, 180 SCRA 266;
4. Sulo ng Bayan vs. Araneta, 72 SCRA 247;
5. Bataan Shipyard vs. PCGG, 150 SCRA 181;
6. Luxuria Homes vs. CA, 302 SCRA 315;
7. Concept Builders vs. NLRC, 257 SCRA 149;
8. Villarey Transit vs. Ferrer, 25 SCRA 845;
9. Francisco Motors vs. CA, 309 SCRA 72;
10. Lipat, et al. vs. Pacific Banking Corp., GR No. 142435, April 30, 2003;

WEEK 2

11. Times Transportation Company vs. Santos Sotelo, et. al., GR No. 163786. February
16, 2005;
12. Yao, Sr. vs. People, et al., 19 June 2007;
13. Hall vs. Piccio, 86 Phil 603;
14. Seventh Day Adventist vs. Northeastern Mindanao Mission, 21 July 2006;
15. Lim Tong Lim vs. CA, 317 SCRA 728;
16. International Express Travel and Tour Services vs. CA, October 19, 2000;
17. Filipinas Broadcasting Network, Inc. vs. Ago Medical and Educational Center-Bicol
Christian College of Medicine, G.R. No. 141994, January 17, 2005;
18. Coastal Pacific Trading, Inc. vs. Southern Rolling Mills Co., Inc. 497 SCRA 11, 28
July 2006
19. Tayag v. Benguet Consolidated, 26 SCRA 242
20. Torres v. Court of Appeals, 278 SCRA 793
21. Philippine Stock Exchange, Inc. v. Court of Appeals, 281 SCRA 232

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WEEK 3

2. FORMATION AND ORGANIZATION OF A PRIVATE CORPORATION

CASES:

1. Lyceum of the Philippines vs. CA, 219 SCRA 612; G.R. No. 101897. March 5, 1993
2. Ang Mga Kaanib sa Iglesia ng Dios vs. Iglesia ng Dios Kay Kristo Jesus, December
12, 2001;
3. Industrial Refractories Corporation of the Phils. vs. Refractories Corp. of the Phils.,
Oct. 3, 2002;
4. JG Summit Holdings vs. CA, September 24, 2003;
5. Young Auto Supply vs. CA, 223 SCRA 670;
6. Republic Planters Bank vs. Agana, 269 SCRA 1;
7. Castillo, et. al. vs. Balinghasay, et. al. G.R. No. 150976, October 18, 2004

WEEK 4

3. CONTROL AND MANAGEMENT OF A CORPORATION

CASES:

1. Grace Christian Highschool vs. CA, 281 SCRA 133;

2. Gokongwei vs. SEC, 89 SCRA 336;
3. Western Institute of Technology vs. Salas, 278 SCRA 216;
4. Nacpil vs. International Broadcasting Corp., March 21, 2002;
5. People's Aircargo vs. CA, Oct. 7, 1998;
6. Prime White Cement vs. IAC, 220 SCRA 103;
7. Santos vs. NLRC, 254 SCRA 673; G.R. No. 101699 March 13, 1996
8. Sps. David, et al vs. Construction Industry and Arbitration Commission, G.R. No.
159795, July 30, 2004;

WEEK 5

9. Malayang Samahan ng mga Manggagawa vs. Ramos, April 20, 2001;

10. Inter-Asia Investments Industries vs. CA, GR 125778, June 10, 2003;
11. Lapu-lapu Foundation, Inc. vs. CA, GR 126006, January 29, 2004;
12. Hydro Resources Contractors Corporation vs. National Irrigation Administration,
G.R. No. 160215 November 10, 2004;
13. Monfort Hermanos Agricultural Development Corp. vs. Monfort, III, et.al., G.R. No.
152542, July 8, 2004;
14. McLeod vs. NLRC, et al., 23 January 2007;
15. Carag vs. NLRC, 02 April 2007

WEEK 6



4. CORPORATE POWERS

CASES:

1. Nielson & Co. vs. Lepanto Consolidated Mining Co., 26 SCRA 540;
2. Islamic Directorate vs. CA, 272 SCRA 454;
3. Dee vs. SEC, 199 SCRA 238;
4. PNB vs. Andrada Electric, April 17, 2002;
5. Loyola Grandvillas Homeowners Association vs. CA, 276 SCRA 681;
6. China Banking Corporation vs. CA, 270 SCRA 503;
7. Associated Bank vs. CA, 291 SCRA 511;
8. Babst vs. CA, January 26, 2001;
9. Mindanao Savings vs. Willkom, 11 October 2010

WEEK 7

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5. RIGHTS OF SHAREHOLDERS

CASES:

1. Lee vs. CA 205 SCRA 725;

2. Republic vs. Sandiganbayan, April 30, 2003;
3. Republic vs. Cocofed, December 12, 2001;
4. Evangelista vs. Santos, 86 SCRA 387;
5. Chua vs. CA, GR No. 150793, November 19, 2004;
6. Expert Travel & Tours, Inc. vs. Court of Appeals and Korean Airlines GR No. 152392,
May 26, 2005;
7. Gonzales vs. PNB, 122 SCRA 489

WEEK 8

6. SUBSCRIPTION CONTRACT

CASES:

1. Nava vs. Peers Marketing, 74 SCRA 65;

2. Lim Tay vs. CA, August 5, 1998;
3. Rural Bank of Lipa vs. CA, Sept. 28, 2001;
4. Ponce vs. Alsons Cement, Dec. 10, 2002;
5. Ong Yong, et al. vs. Tiu, et al., G.R. Nos. 144476 & 144629, April 8, 2003

7. NON-STOCK CORPORATIONS

CASES:

1. Long vs. Basa, et al. , Sept. 27, 2001;

2. Sta. Clara Homeowners' Association vs. Sps. Gaston, Jan. 23, 2002;
3. Padcom vs. Ortigas Center, May 9, 2002;
4. Tan vs. Sycip 17 August 2006

MIDTERM

WEEK 1

8. CLOSE CORPORATIONS

CASES:

1. Dulay Enterprises vs. CA, 225 SCRA 678;

2. San Juan Structural Steel Fabricators, 296 SCRA 632

9. RELIGIOUS/EDUCATIONAL CORPORATIONS

CASE:

Iglesia Evangelica vs. Bishop Lazaro, 6 July 2010

10. CORPORATE DISSOLUTION/LIQUIDATION

CASES:

1. Gelano vs. CA, 103 SCRA 90;

2. Vesagas vs. CA, Dec. 5, 2002;
3. Phil. Veterans vs. Vega, June 28, 2001;
4. Tan Tiong Bio vs. CIR, 4 SCRA 986;

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WEEK 2

5. Rebollido vs. CA, 170 SCRA 800;

6. Clarion Printing House, Inc. vs. NLRC, GR No. 148372, June 27, 2005;
7. Lingkod Manggagawa sa Rubberworld vs. Rubberworld Phils., Inc. 29 January 2007;
8. Garcia, et al vs. PAL, 29 August 2007;
9. Sobrejuanite vs. ASB, 30 September 2005;
10. RCBC vs. IAC, 09 December 1999;

WEEK 3

11. FOREIGN CORPORATIONS

CASES:

1. Facilities Management vs. De la Osa, 89 SCRA 131;

2. Home Insurance vs. Eastern Shipping Lines, 123 SCRA 424;
3. Mentholatum, Inc. vs. Mangaliman, 73 Phil 524;
4. Eriks vs. CA, 267 SCRA 567;
5. MR Holdings vs. Sheriff Bajar, April 11, 2002;
6. Hutchison Ports vs. SBMA, August 31, 2000;

WEEK 4

7. Antam Consolidated vs. CA, 143 SCRA 288;

8. Merrill Lynch Futures, Inc. vs. CA, 211 SCRA 824;
9. Agilent Technologies Singapore vs. Integrated Silicon Technology Philippines
Corporation, G.R. No. 154618, April 14, 2004;
10. Expertravel & Tours, Inc. vs. Court of Appeals and Korean Airlines GR No. 152392,
May 26, 2005;
11. B. Van Zuiden vs. GTVL, 28 May 2007

WEEK 5

12. SEC JURISDICTION

CASES:

1. Yujuico vs. Quiambao, 29 January 2006;

2. Baviera vs. Paglinawan, 08 February 2007;
3. SEC vs. Performance Foreign Exchange Corp., 20 July 2006

13. THE SECURITIES REGULATION CODE (R.A. 8799)

CASES:

1. Abacus Securities Corp. v. Ampil, (2006)

2. PSE v. Court of Appeals, (1997)
3. SEC v. Interport Resources Corp., (2008)

WEEK 6

14. SECURITIES AND EXCHANGE COMMISSION

CASES:

1. Pineda v. Lantin (1962)

2. SEC v. CA (1995)
3. PSE v. CA 1997)
4. CEMCO Holdings Inc. v. National Life Insurance Co. (2007)

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 5. SEC v. GMA Network, Inc. (2009)
6. People v. Petralba (2004)
7. Power Homes Unlimited v. SEC

WEEK 7

8. SEC v. prosperity.com, Inc. (2012)

9. PSE v. Court of Appeals, (1997) supra
10. Gabionza v. Court of Appeals (2008)
11. PSE v. CA 1997) supra
12. Union Bank v. SEC (2001)
13. Nestle Philippines v. CA (1991)
14. Queensland-Tokyo Commodities, Inc. vs. George (2010)
15. SEC v. Interport Resources Corp., (2008) supra

WEEK 8

15. PROTECTION OF SHAREHOLDERS’ INTEREST

CASES:

1. CEMCO Holdings Inc. v. National Life Insurance Co. (2007), supra

2. Osmena III v. SSS of the Philippines (2007)
3. SEC v. CA (1995), supra
4. SEC v. Interport Resources Corp., (2008) supra

16. SECURITIES MARKET PROFESSIONALS

CASES:

1. Abacus Securities Corp. v. Ampil (2006)

2. Nicolas v. CA (1998)

17. EXCHANGES AND OTHER SECURITIES TRADING MARKETS

CASES:

1. Lopez, Locsin, Ledesma & Co. v. CA (1988)

2. Carolina Industries v. CMS Stock Brokerage (1980)
3. PSE v. CA 1997) supra

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