The personal liability of corporate officers validly attaches only when (a) they assent to a patently unlawful act of the corporation; or (b) they are guilty of bad faith or gross negligence in …

Dec 3, 2024 · 2. Bad Faith or Malice Personal liability arises when corporate officers: Act with bad faith, fraud, or malice. Use the corporate entity as a shield for unlawful conduct, such as …

On the other hand, the Court of Appeals ruled that the general rule on separate corporate personality and against personal liability by corporate officers applies since petitioner failed to …

Dec 24, 2024 · She also cited a Supreme Court ruling stating that for a director or corporate officer to be personally liable, there must be a clear allegation in the complaint of gross …

Jul 29, 2024 · The Court clarified that personal liability for corporate officers arises only under specific circumstances, including gross negligence or bad faith in directing corporate affairs.

Jul 8, 2024 · 1. When directors and trustees or, in appropriate cases, the officers of a corporation: (a) vote for or assent to patently unlawful acts of the corporation; (b) act in bad faith or with …

Nov 14, 2011 · II The corporate officers and directors of Urban Bank are not solidarily or personally liable with their properties for the corporate liability of Urban Bank to Atty. Peña. …

May 5, 2014 · Here are select April 2014 rulings of the Supreme Court of the Philippines on commercial law: Corporate officers; liability. On the issue of the solidary obligation of the …

If these elements concur, the director, trustee or corporate officer can be held personally liable for corporate obligations. Disloyalty of a Director The Revised Corporation Code specifically …

The Court noted that corporate directors and officers were solidarily liable with the corporation for the termination of employees done with malice or bad faith; and declared that bad faith did not …