When the Civil Code was enacted, Reyes, who had briefly served on the Code Commission before the war, published widely read article outlining his criticisms of several articles. That article has since been cited favorably in a number of Supreme Court decisions.
He also helped found in 1947 the Manuel L. Quezon University, and joined its law faculty. When the Civil Code was enacted, Reyes, who had briefly served on the Code Commission before the war, published widely read article outlining his criticisms of several articles.
Widely known by the initials " JBL ". After his retirement, Reyes became the first president of the Integrated Bar of the Philippines. He was also a highly regarded legal scholar in the field of civil law . Reyes was born in Manila to Dr. Ricardo A. Reyes and Marcia C. Luna.
STEVENS, J., filed a concurring opinion, post, p. 494 U. S. 73. REHNQUIST, C.J., filed an opinion concurring in part and dissenting in part, in which WHITE, O'CONNOR, and SCALIA, JJ., joined, post, p. 494 U.S. 76. Reves v. Ernst & Young, 494 U.S. 56 (1990) Reves v. Ernst & Young
Reyes would later pursue masteral and doctoral studies in law at the Complutense University of Madrid and the University of Santo Tomas. In the 1930s, Reyes was a law professor at the University of the Philippines and at the Far Eastern University.
Reyes was married to Rosario L. Reyes, a distant relative who predeceased him by nearly forty years. They had three children. Reyes had many protégés in the Philippine legal academe, especially in the field of civil law.
As expected, Reyes penned many leading decisions in civil law that remain widely studied today, including Tenchavez v. Escaño, 122 Phil. 765 (1966), on the recognition of foreign divorces in the Philippines; Republic v. Luzon Stevedoring, 128 Phil. 313 (1967) , which defined force majeure; and Medina v. Makabali, 137 Phil. 329 (1969) , affirming the best interest of the child as the paramount rule in custody cases. His dissenting opinion in Exconde v. Capuno, 101 Phil. 843 (1957), on the tort liability of schools for damages caused by their students, was eventually adopted by the Court in Amadora v. Court of Appeals, 160 SCRA 315 (1988) .
However, he resigned from that post in January 1987 in protest of the murder of several unarmed farmers by policemen in Mendiola.
A more notorious component of Reyes's legacy was his role in the increased difficulty of the bar examinations. Since the end of World War II, the passing rate of the bar examinations had ranged from 56 to 72% percent.
He also helped found in 1947 the Manuel L. Quezon University, and joined its law faculty. When the Civil Code was enacted, Reyes, who had briefly served on the Code Commission before the war, published widely read article outlining his criticisms of several articles.
His involvement with the resistance was soon exposed, and he was imprisoned by the Japanese in Fort Santiago in 1944. Unlike some of the other founders of the Free Philippines movement, such as Rafael Roces, Jr. and Antonio Bautista, Reyes was spared execution, though not torture.
The estate of Edward L. Masry, the lawyer Erin Brockovitch clerked for and played Girl Friday to (resulting in the largest single class settlement in American history, against Pacific Gas & Electric), sued Masry's former place of employment into Chapter 11.
Masry & Vititoe—sans Masry, who died in 2005—claim to have spent over $3M defending themselves against charges from Masry's estate, stemming from a decision that awarded control of a trust to Masry's kids, away from his wife. The trust held interests in the firm.
January 1 – The Soviet Union ceases to demand war reparations from West Germany.
February 3 – Elizabeth II becomes the first reigning monarch to visit Australia.
U.S. officials announce that a hydrogen bomb test ( Castle Bravo) has been conducted, on Bikini Atoll in the Pacific Ocean.
The U.S. Congress and President Dwight D. Eisenhower authorize the founding of the United States Air Force Academy in Colorado.
June 6 – The grand opening of the sculpture of Yuriy Dolgorukiy takes place in Moscow (this statue is one of the main monuments of Moscow).
August 1 – The First Indochina War ends with the Vietnam People's Army in North Vietnam, the Vietnamese National Army in South Vietnam, the Kingdom of Cambodia in Cambodia, and the Kingdom of Laos in Laos, emerging victorious against the French Army.
November 1 – The FLN attacks representative and public buildings of the French colonial power.
Arthur Young appealed, claiming that the demand notes were not "securities" under either the 1934 Act or Arkansas law, and that the statutes' antifraud provisions therefore did not apply. A panel of the Eighth Circuit, agreeing with Arthur Young on both the state and federal issues, reversed.
In order to raise money to support its general business operations, the Farmer's Cooperative of Arkansas and Oklahoma sold uncollateralized and uninsured promissory notes payable on demand by the holder. Offered to both Co-Op members and nonmembers and marketed as an "Investment Program," the notes paid a variable interest rate higher than that of local financial institutions. After the Co-Op filed for bankruptcy, petitioners, holders of the notes, filed suit in the District Court against the Co-Op's auditor, respondent's predecessor, alleging, inter alia, that it had violated the antifraud provisions of the Securities Exchange Act of 1934 -- which regulates certain specified instruments, including "any note [s]" -- and Arkansas' securities laws by intentionally failing to follow generally accepted accounting principles that would have made the Co-Op's insolvency apparent to potential note purchasers. Petitioners prevailed at trial, but the Court of Appeals reversed. Applying the test created in SEC v. W.J. Howey Co., 328 U. S. 293, to determine whether an instrument is an "investment contract" to the determination whether the Co-Op's instruments were "notes," the court held that the notes were not securities under the 1934 Act or Arkansas law, and that the statutes' antifraud provisions therefore did not apply.