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
HEREDITARY RIGHTS OF AN ILLEGITIMATE CHILD
An illegitimate child is one which is born outside of a marriage
With or without a Will, an illegitimate child may inherit
The share of an illegitimate child is half the lawful share of a legitimate child
WHEN MAY A PARENT INHERIT FROM HIS CHILD?
Parents are not primary heirs
Without a Will, a grandparent may not inherit from his child
The law does not allow a parent to inherit from his child unless he is a compulsory heir
WHAT IS LEGAL SUCCESSION?
Heirs may still inherit even without a Will
There is no Will to speak of in cases of Legal Succession
The law operates when there is no Will
CAN A CORPORATION ACQUIRE ITS OWN SHARES?
Shares are issued by stock corporations
Stock corporations can acquire its own shares
There two conditions in acquiring its own shares