This case has been cited 1 times or more.
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2010-09-29 |
VELASCO JR., J. |
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| As a general rule, courts should be wary of lifting the corporate veil between corporations, however related. Philippine National Bank v. Andrada Electric Engineering Company[37] explains why: A corporation is an artificial being created by operation of law. x x x It has a personality separate and distinct from the persons composing it, as well as from any other legal entity to which it may be related. This is basic. | |||||