A holographic will is one which is entirely written, dated, and signed by the hand of the testator himself/herself. The only requirements for the validity, and probate, of a holographic will are those contained in Article 810 of the Civil Code, which reads in full: “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.”
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Proclamation No. 845 (full text): Declaring the Regular and Special National Holidays for 2020
[On 15 November 2019, Malacanang issued Proclamation No. 845, declaring the regular holidays and special non-working days for 2020. Here is the full text of Proclamation No. 845.]
PROCLAMATION No. 845
DECLARING THE REGULAR HOLIDAY AND SPECIAL (NON-WORKING) DAYS FOR THE YEAR 2020
WHEREAS, Republic Act (RA) No. 9492 dated 24 July 2007, amended Section 26, Chapter 7, Book I of Executive Order (EO) No. 292, also known as the Administrative Code of 1987, by declaring certain days (specific or movable) as special or regular holidays;
Continue readingThe Rules of Procedure for Admiralty Cases (A.M. No. 19-08-14-SC): Full Text
[In a Resolution dated 17 September 2019 (A.M. No. 19-08-14-SC), the Supreme Court approved The Rules of Procedure for Admiralty. The full text is reproduced below.]
Continue readingPart II (Civil Procedure): The Rules of Procedure for Admiralty Cases (A.M. No. 19-08-14-SC)
Part III (Arrest of a Vessel, Cargo, or Freight): The Rules of Procedure for Admiralty Cases (A.M. No. 19-08-14-SC)
Part IV (Special Proceedings): The Rules of Procedure for Admiralty Cases (A.M. No. 19-08-14-SC)
Part V (Common Provisions): The Rules of Procedure for Admiralty Cases (A.M. No. 19-08-14-SC)
Ongoing Obligations of Crowdfunding Intermediaries
A crowdfunding intermediary shall disclose the extent of its review, due diligence exercise, and/or risk assessment activities carried out on prospective issuers, including its disclosures, intending to use its crowdfunding platform.
Continue readingDisqualification of Crowdfunding Intermediaries
The Securities and Exchange Commission (SEC) may refuse or, after due notice and hearing, suspend or revoke the authority of crowdfunding intermediaries. The Crowdfunding Rules provides that operation with respect to crowdfunding of investment houses, brokers and funding portal may be refused, or any registration granted may be revoked, suspended, or limitations placed thereon, by the SEC.
Continue readingClose Corporations in the Philippines: The Revised Corporation Code
Close corporations are provided under and governed by Title XII of the Revised Corporation Code, without prejudice to the suppletory application of other provisions. The pertinent provisions are discussed below.
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