The Philippine Competition Act or Republic Act No. 10667 establishes the legal framework for promoting and protecting fair competition in the markets across the Philippines.
Section 13.1 of Republic Act No. 8799 or the Securities Regulation Code provides that the SEC may reject a registration statement and refuse registration of the security thereunder, or revoke the effectivity of a registration statement and the registration of the security thereunder after due notice and hearing by issuing an order to such effect, setting forth its findings in respect thereto, if it finds that the issuer the issuer falls under any of the grounds for rejection or revocation of registration as provided under the Securities Regulation Code.
A codicil is defined under Article 825 of the New Civil Code as a supplement or addition to a will, made after the execution of a will and annexed to be taken as a part thereof, by which any disposition made in the original will is explained, added to, or altered.
The criminal action has a dual purpose, namely, the punishment of the offender and indemnity to the offended party. The dominant and primordial objective of the criminal action is the punishment of the offender. (Salazar v. People of the Philippines, G.R. No. 151931, September 23, 2003)
In Teodoro Caneda v. Court of Appeals, G.R. No. 103554, May 28, 1993, the Supreme Court held that a holographic will is one that is entirely written, dated, and signed by the hand of the testator himself. This requirement is codified under Article 810 of the Civil Code of the Philippines, which provides that a person may execute a holographic will which must be entirely written, dated, and signed by the hand of the testator himself. It is subject to no other form, and may be made in or out of the Philippines, and need not be witnessed.
In the case of Roel P. Gaspi v. Honorable Judge Maria Clarissa Pacis-Trinidad, G.R. No. 229010, November 23, 2020, wills may be notarial or holographic. In either case, the formalities required for their execution are more elaborate than most deeds relating to other transfers of property.
Article 806 of the Civil Code of the Philippines states that a notarial will is that which must be acknowledged before a notary public by the testator and the witnesses.
As an employee, Villarico is entitled to the payment of the annual 13th month pay under Presidential Decree No. 851, as amended. However, since he filed his Complaint only on August 30, 2016, only those 13th month pay not paid by DMCI, et al. from 2014 to 2016 can be claimed.
Extradition means the removal of an extraditee from the Philippines with the object of placing them at the disposal of foreign authorities to enable the Requesting State to hold the extraditee in connection with any criminal investigation directed against them or for the execution of a penalty imposed under the penal or criminal law of the Requesting State. (Section 3 [e] of the Rules on Extradition Proceedings)
To give the taxpayer a reasonable tax relief for the unpaid estate taxes, Republic Act No. 11956 further amending the Tax Amnesty Act or Republic Act No. 11213 was passed. This extended the availability of Estate Tax Amnesty until June 14, 2025.
According to Section 1 of Republic Act No. 9520, otherwise known as the Philippine Cooperative Code of 2008, amending the Cooperative Code of the Philippines, a cooperative is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principles.
