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FINANCIAL REHABILITATION AND INSOLVENCY ACT

REPUBLIC ACT NO. 10142

I. FRIAS Declared PoliciesII. Nature of Proceedings under the FRIAIII. Proceedings covered by the FRIA

1. Suspension of Payments Proceedings for Individual Debtorsa. Individual Debtors Coveredb. Suspension of Payment Proceedings

2. Court Supervised Rehabilitationa. Definition and coverage of Rehabilitationb. Purpose of Corporate Rehabilitationc. Suspension of Payments v. Corporate Rehabilitationd. Corporate Rehabilitation v. Corporate Liquidatione. Rehabilitation Proceedings1) Modes of Initiating

a) Voluntaryb) Involuntary

2) Commencement Order3) Initial Hearing4) Governance of the business/assets of the debtors while the

proceedings are pending5) Rehabilitation Receiver6) Management Committee7)

Creditors Committee8) Determination of Claims

9) Rescission or Nullity of Pre-commencement Transactions10)Rehabilitation Plan11)Cram Down of the Plan12)Termination of the Proceedings13)Appeal in Rehabilitation Proceedings

3. Pre-Negotiated Rehabilitation4. Out-of Court or Informal Restructuring Agreements of

Rehabilitation Plans5. Liquidation in Insolvency Proceedings

1) Juridical Debtorsa) Voluntaryb) Involuntary

2) Individual Debtorsa) Voluntaryb) Involuntary

3) Acts of Insolvency

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4) Show Cause Order5) Custody of Debtors Asset by Sheriff6) Liquidation Order7) Liquidator8) Determination of Claims9) Rescission or Nullity of Certain Transactions10)Liquidation Plan

CasesRubberworld Phils., Inc. v. NLRC, G.R. No. 126773. April 14, 1999Philippine Veteran Bank Employees Union v. Vega, G.R. No. 105364, June 28, 2001Almars Sibal v. Elbinias, G.R. No. 75414 June 4, 1990Sobrejuanite v. ASB Development Corporation, G.R. No. 165675, September 30, 2005Negros Navigation Co., Inc. v. Court of Appeals, G.R. No. 163156, December 10, 2008Jacinto v. First Womens Credit Corporation, G.R. No. 154049. August 28, 2003

RCBC v. IAC, G.R. No. 74851. December 9, 1999

RETAIL TRADE LIBERALIZATION ACT

REPUBLIC ACT NO. 8762

I. Liberal policy towards foreign investmentsII. Definition and coverage of Retail TradeIII. Maintenance and distinctions between consumer goods and non-

consumer goodsIV. Categories of retail trade enterprisesV.

Rules on who may engage in Retail TradeVI. When business medium is foreign owned

VII. Qualifications and requirements for foreign investorsVIII. Foreign Investors acquiring shares of stock of local retailersIX. Public offerings of shares of stockX. Prohibited activities of qualified foreign retailersCases:Espina v. Zamora, G.R. No. 143855, September 21, 2010.Marsman & Co. V. First Coconut Central Co., G.R. No. L-39841 June 20, 1988Balmaceda v. Union Carbide, G.R. No. L-30442 September 30, 1983

B.F. Goodrich v. Reyes, G.R. No. L-30067 April 19, 1983.Talan v. People, G.R. No. L-37704 January 30, 1989.

ANTI-DUMMY LAW

PRESIDENTIAL DECREE NO. 715

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Cases

King v. Hernaez, G.R. No. L-14859, March 31, 1962Universal Corn Products v. Rice and Corm Board, G.R. No. L-21013, August 17, 1967Luzon Stevedoring v. Anti-Dummy Board, G.R. No. L-26094 August 18, 1972.Wolgrang Aurbach v. Sanitary Wares, G.R. No. 75875 December 15, 1989