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The Regular Annual Meeting of the Stockholders of Seafront Resources Corporation (the “Company”) will be conducted virtually on June 23, 2022. Details to participate are listed here.
The doctrine of “doing business” is generally applicable to foreign corporations desiring to transact business in the Philippines. The law states that such foreign corporations should obtain a license from the Securities and Exchange Commission (Sec. 140, Revised Corporation Code). S
MANILA - The Securities and Exchange Commission (SEC) has ordered Astrazion Noble Task Community Foundation, Astrazion Global Holdings Philippines Inc., and Astrazion International to stop offering their supposed digital currency through an illegal multi-level marketing platform. In an order dated May 12, the SEC en banc directed the Astrazion Group to immediately cease and desist from engaging in the unlawful/unauthorized solicitation, offer and/or sale of securities until it has filed the requisite registration statement and secured the necessary approval from the SEC. The Astrazion Group, i...
Can a corporation file a claim for moral damages? The expected layman’s answer to this question is no and understandably so. In the first place, a corporation is an artificial being created by operation of law (Section 2, Revised Corporation Code). Moreover, moral damages are those normally suffered
There is now a provision in the Revised Corporation Code (RCC) permitting the constitution of an “emergency board” to allow a corporation to deal with certain contingencies. The general rule is that any vacancy occurring in the board of directors, other than by removal or expiration