Category Archives: SEC

The dispute as to the validity of the assessments is purely an intra-corporate matter, thus, within the exclusive original jurisdiction of the SEC

Posted on February 20, 2012 by Erineus

The case before the RTC involved an intra-corporate dispute – the Moreno spouses were asking for an accounting of the association dues and were questioning the manner the petitioner calculated the dues assessed against them.  These issues are alien to … Continue reading →

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PD 902-A vested the SEC with jurisdiction on petitions for suspension of payments only on corporations, partnerships and associations; not on individual persons

Posted on February 10, 2012 by Erineus

PD 902-A vested the SEC with jurisdiction on petitions for suspension of payments only on corporations, partnerships and associations; not on individual persons The SEC’s jurisdiction is evident from the statutorily vested power of jurisdiction, supervision and control by the … Continue reading →

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Prevailing and applicable SEC laws

Posted on February 10, 2012 by Erineus

At the outset, it must be noted that at the time the Consolidated Petition for the Declaration of a State of Suspension of Payments and for Appointment of a Management Committee/Rehabilitation Receiver was filed before the SEC on February 16, … Continue reading →

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