Well I said it hypothetically. It all depends on the laws of the country. If Philippines held Pepsi responsible and ordered them to pay the entire amount, it would be a different situation.

If you are ordered to pay money by the government and can't pay it may considered fraud. So the government can take bigger actions. I guess bankruptcy may follow where the government can end up seizing all assets the company has. If all those steps are insufficient then even bigger steps may follow.

As I said it all depends on the laws of that country. Not all countries have similar laws.