Tuesday, September 15, 2015

Cases covered by Section 6. Republic Act 10142, Financial Rehabilitation and Insolvency Act of 2010 (FRIA) - 03-03-03-SC.pdf





AMENDMENT OF A.M. NO. 03-03-03-SC, 
DATED JUNE 17, 2003.

EXPANSION OF THE COVERAGE OF CASES COGNIZABLE BY THE SPECIAL COMMERCIAL COURTS TO INCLUDE ALL CASES ON INSOLVENCY AND LIQUIDATION UNDER THE FRIA RESOLUTION 

(Section 6 of Republic Act No. 10142, Financial Rehabilitation and Insolvency Act of 2010 [FRIA])


The following FRIA cases shall be heard and decided by the designated Special Commercial Courts:

1. Cases governed by the FRIA are:

(a) the rehabilitation of sole proprietorships, 

(b) the insolvency and liquidation cases of corporations, partnerships and other associations, and 

(c) insolvency and suspension of payments/discharge of individuals.

2. Liquidation cases emanating from administrative proceedings.