Title
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.

Case Summary (G.R. No. 191525)

Factual Background

Atty. Emmanuel T. Santos, lessee of two buildings owned by Litton, incurred rental arrears and unpaid realty taxes under his lease. Litton sued Santos for unlawful detainer before the MeTC of Manila. The MeTC ruled for Litton and ordered Santos to vacate the A.I.D. Building and Litton Apartments and to pay arrears, taxes, penalties, and attorney’s fees. The MeTC judgment was not promptly executed. Litton obtained revival of the judgment, and the RTC and subsequently the CA affirmed the revival; the CA judgment became final and executory on 22 March 1994. On 11 November 1996 the sheriff levied upon a Makati parcel covered by TCT No. 187565 registered in the name of I/AME, and the annotation on the title indicated levy “only up to the extent of the share of Emmanuel T. Santos.”

Motion to Remove Annotations and Initial Orders

I/AME filed a motion before the MeTC to lift or remove the annotations on TCT No. 187565, asserting separate corporate personality distinct from Santos so that its property should not answer for his liabilities. The MeTC denied that motion in an Order dated 29 October 2004. Upon I/AME’s motion for reconsideration the MeTC reversed and ordered cancellation of the levy annotations and writ of execution. Litton appealed that reversal to the RTC, which reinstated the original MeTC Order of 29 October 2004. I/AME then sought relief from the CA, which denied the petition and affirmed the RTC.

Issues Presented

The principal issues were whether I/AME was denied due process when the courts pierced its corporate veil and made its property subject to execution to satisfy a judgment against Santos; whether the doctrine of piercing the corporate veil applies to non-stock, non-profit corporations; whether the doctrine may be applied to a natural person who used the corporation; and whether reverse piercing of the corporate veil was proper to permit a creditor to reach corporate assets to satisfy a judgment against an individual.

The Court of Appeals’ Findings

The CA affirmed the trial courts’ findings that Santos used I/AME to shield the Makati property from execution. The CA emphasized that a Deed of Absolute Sale dated 31 August 1979 reflected Santos as President representing I/AME although I/AME was organized only in 1985, that the transfer occurred during the pendency of the appeal for revival of the judgment, and that TCT No. 187565 issued on 17 November 1993, years after the sale and after incorporation. The CA concluded these facts demonstrated use of the corporate form to evade execution and found that piercing the corporate veil was warranted.

Petitioner's Contentions

I/AME contended that its right to due process was violated because it was not impleaded in the main unlawful detainer case and the court a quo therefore lacked jurisdiction over it. Petitioner also argued that the doctrine of piercing the corporate veil applies only to stock corporations and cannot be invoked against a non-stock, non-profit educational corporation. Finally, petitioner argued that piercing the veil against a natural person like Santos is conceptually inapplicable because a natural person does not possess a corporate veil.

Supreme Court Ruling on Reviewability and Due Process

The Supreme Court denied the petition. It held that under Rule 45 only questions of law are generally cognizable, and the finding of facts that justified piercing the corporate veil is one of fact ordinarily not reviewable on a petition for certiorari. The Court found the factual findings of the MeTC, RTC, and CA to be consistent and supported by the record and therefore binding. The Court further held that the protection of due process for a corporation not impleaded does not automatically preclude veil piercing where clear and convincing evidence shows the corporation’s separate personality was purposefully employed to evade a legitimate obligation. Consequently, no due process violation was found.

Legal Principles Governing Piercing the Corporate Veil

The Court reiterated that corporations are separate juridical entities but that this privilege is subject to equitable limitations to prevent fraud, illegality, or evasion of obligations. Citing established precedent, the Court stated that piercing the corporate veil is warranted when the corporate form is used to perpetrate fraud, to evade an existing obligation, to circumvent statutes, or where the corporation is the mere alter ego or business conduit of a person. The Court acknowledged a corollary rule that, ordinarily, a corporation should be properly served or subjected to jurisdiction before it is made to answer; however, the Court recognized the exception that where there is clear and convincing proof that the corporation’s separate personality was used to evade a binding obligation or perpetuate fraud, the veil may be pierced even if the corporation was not a party to the principal action.

Application to Non-stock Corporations

The Court rejected I/AME’s contention that non-stock, non-profit corporations are immune from veil piercing. It held that the law does not distinguish between stock and non-stock corporations for purposes of applying the equitable remedy of veil piercing. The Court explained that the equitable character of piercing permits scrutiny of any organization, and that control and effective ownership need not depend on stock ownership. The Court cited Philippine and foreign authorities showing that non-profit corporations are susceptible to veil piercing where facts show misuse of the corporate form.

Application to Natural Persons and the Alter Ego Finding

The Court held that the doctrine may apply to natural persons and concluded on the record that Santos and I/AME were alter egos. The Court relied on a number of uncontroverted facts: Santos’s representation of himself as President in a 1979 Deed of Absolute Sale predating I/AME’s incorporation in 1985; Santos’s significant monetary contribution of PHP 1,200,000 out of PHP 1,500,000 making him majority contributor; Santos’s role as conceptualizer and implementor of the school; the naming of the building after his nickname; and I/AME’s pleaded admission that it was used by Santos as his alter ego to shield assets from creditors. The Court treated the corporate mask as liftable and held Santos personally liable in the same manner as the corporation where the evidence demonstrated that he used the corporate form to defeat judicial processes and evade his obligation to Litton.

Reverse Piercing and Equitable Relief

The Court adopted the d

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