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June 1, 2022

Business Law and Labor Law Updates

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.

 


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

Continue reading . . .

 

 

 

 


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

Continue reading . . .

 

 

 


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

Continue reading . . .

 

 

 

 


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

Continue reading . . .

 

 

 

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