G.R. No. 191525 - International Academy of Management and Economics vs. Litton and Co., Inc.

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Title Supreme Court: International Academy of Management and Economics vs. Litton and Co., Inc.

Case: G.R. No. 191525

Decision Date: Dec 13, 2017

Santos, a lessee with unpaid debts, used I/AME to shield assets; courts pierced corporate veil, allowing reverse piercing to enforce judgment against him.

reverse piercing

corporate veil

corporation liability

Long 26 min

END