Lex Rex Ph

Gross Negligence

From the Court’s standpoint, the defendant’s casual manner, insouciance and nonchalance, nay, indifference, to the predicament of the distressed corporation glaringly exhibited a lackadaisical attitude from a top office of a corporation, a conduct totally abhorrent in the corporate world, considering the fact that he is not a novice, but a seasoned businessman in his field. (Magaling vs. Peter Ong)

Other Content You May Be Interested In:

BASECO vs. PCGG Digest

Facts BASECO (Bataan Shipyard and Engineering Co. Inc.) challenged the PCGG sequestration orders issued in accordance with EOs 1 and 2 of President Cory Aquino.

Read More »

Stocks vs. Bonds

Stocks Bonds Nature A unit of ownership of the company A loan to the company Profits over time Intended to appreciate in value through time

Read More »

“Yamashita Standard”

Also known as “Command Line Responsibility” or “Command Responsibility, is when the law of war imposes on an army commander a duty to take such

Read More »
en_USEnglish