Scribd Logo
Upload

Welcome to Scribd!

  • 7 views

    Indo Phil Textile Mills v. Calica

    Uploaded by

    Maricar Corina Canaya

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Indo Phil Textile Mills v. Calica

    Uploaded by

    Maricar Corina Canaya
    7 views1 page

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    7 views1 page

    Indo Phil Textile Mills v. Calica

    Uploaded by

    Maricar Corina Canaya

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Indo Phil Textile Mills v. Calica – 205 SCRA 697, G.R. No.

    96490 February 3, 1992

    Doctrine of piercing the veil of corporate entity applies when the corporate fiction is
    used to defeat public convenience, justify wrong, protect fraud or defend crime or
    where a corporation is the mere alter ego or business conduit of a person.—

    Under the doctrine of piercing the veil of corporate entity, when valid grounds
    therefore exist, the legal fiction that a corporation is an entity with a juridical
    personality separate and distinct from its members or stockholders may be
    disregarded. In such cases, the corporation will be considered as a mere association
    of persons. The members or stockholders of the corporation will be considered as the
    corporation, that is liability will attach directly to the officers and stockholders. The
    doctrine applies when the corporate fiction is used to defeat public convenience,
    justify wrong, protect fraud, or defend crime, or when it is made as a shield to
    confuse the legitimate issues, or where a corporation is the mere alter ego or
    business conduit of a person, or where the corporation is so organized and controlled
    and its affairs are so conducted as to make it merely an instrumentality, agency,
    conduit or adjunct of another corporation.

    You might also like