This case has been cited 1 times or more.
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2013-03-13 |
LEONARDO-DE CASTRO, J. |
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| In reaching its conclusion of an alter ego relationship between DBP and PNB on the one hand and NMIC on the other hand, the Court of Appeals invoked Sibagat Timber Corporation v. Garcia,[77] which it described as "a case under a similar factual milieu."[78] However, in Sibagat Timber Corporation, this Court took care to enumerate the circumstances which led to the piercing of the corporate veil of Sibagat Timber Corporation for being the alter ego of Del Rosario & Sons Logging Enterprises, Inc. Those circumstances were as follows: holding office in the same building, practical identity of the officers and directors of the two corporations and assumption of management and control of Sibagat Timber Corporation by the directors/officers of Del Rosario & Sons Logging Enterprises, Inc. | |||||