The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
ON DOMESTIC ADOPTION
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A child is a person below eighteen (18) years of age
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Not all children are qualified to be adopted
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A person who is already above legal age may be adopted
GROUNDS FOR CHANGING FIRST NAME OR NICKNAME
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First name refers to a name or nickname given to a person which may consist of one or more names in addition to the middle and last names
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Any person may file a petition to change his or her first name or nickname
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The petition may be filed with the local civil registry office or municipality
SHAREHOLDERS’ APPROVAL ON SALE OF CORPORATE ASSETS
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A corporation may sell its assets
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In selling corporate assets, a majority vote of its board of directors or trustees is required
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If the sale is of all or substantially all of the corporation’s properties and assets, it must be authorized by the vote of the stockholders representing at least two-thirds (2/3) of the outstanding capital stock, or of the members
FIRST NAME OR SEX CANNOT BE CHANGED ON THE GROUND OF SEX REASSIGNMENT
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A change of name is a privilege, not a right
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A person’s first name appearing in the birth certificate cannot be changed on the ground of sex reassignment
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No law allows the change of entry in the birth certificate as to sex on the ground of sex reassignment
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