Philippine Bar review · Question

Practice question: Piercing the Corporate Veil

Multiple Choice Easy

Practice question

Does ownership of all or nearly all a subsidiary’s shares alone justify disregarding its separate corporate personality?
  1. No; ownership alone is insufficient
  2. Yes, in every labor dispute
  3. Yes, even without any relevant wrong
  4. Yes, whenever a worker demands payment
  5. Yes, because subsidiaries never have separate personality

Legal references

  • Maricalum Mining, G.R. 221813 and 222723, July 23, 2018: https://lawphil.net/judjuris/juri2018/jul2018/gr_221813_2018.html

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