Legal Insights
Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.
Subrogation Rights Protecting Banks in Loan Agreement Reversals
When a bank pays another party's debt, legal subrogation may let it recover. Learn how the Supreme Court applied this rule.
Retroactivity of Laws and Vested Rights in Bank Liquidation: PDIC v. Stockholders of Intercity Bank
When can a new law apply to an ongoing bank liquidation? The Supreme Court explains the rule on retroactivity and vested rights.
BSP’s Exclusive Authority Over Bank Receivership: What It Means for Depositors and Creditors
The Supreme Court affirms the BSP’s exclusive authority over bank receivership, clarifying the limits of court intervention and the rights of depositors and creditors.
Unconscionable Interest Rates: Protecting Borrowers From Excessive Loan Costs
The Supreme Court affirms that monthly interest rates of 5% to 7% are unconscionable and may be reduced to 12% per annum.
Mutuality of Contracts: The Limits of Bank Discretion in Setting Interest Rates
Philippine Supreme Court clarifies that unilateral interest rate setting violates mutuality of contracts, but the principal loan obligation remains valid and enforceable.
Unconscionable Interest Rates Protecting Borrowers From Excessive Loan Charges
Philippine courts can void excessive interest rates and reset loans to the legal rate. Learn how the Espiritu v. Landrito ruling protects borrowers.
Unconscionable Interest Rates: How Philippine Courts Protect Borrowers
Philippine courts void unconscionable interest rates as against public policy. Learn the rules, jurisprudential standards, and practical protections for borrowers.
Is 24% Interest Legal in the Philippines? Bacolor v. Banco Filipino Explained
The Supreme Court in Bacolor v. Banco Filipino ruled that a 24% annual interest rate agreed upon in writing is not usurious or unconscionable.
Piercing the Corporate Veil in the Philippines: When Parent Companies Pay Subsidiary Debts
Philippine courts can hold parent companies liable for subsidiary debts when the subsidiary is a mere instrumentality. Learn the rules from General Credit v. Alsons.
When Courts Can Compel Disclosure of Foreign Currency Deposits in the Philippines
Philippine Supreme Court clarifies when courts may compel banks to disclose foreign currency deposits despite the secrecy rule under RA 6426.
Documentary Stamp Tax on Foreign Exchange Sales: Who Pays
Philippine Supreme Court ruling on documentary stamp tax liability for foreign exchange sales to the Central Bank.
Non-Retroactivity of BIR Rulings: The Benguet Case and Taxpayer Protection
Learn how the Supreme Court protects taxpayers from retroactive BIR rulings, based on the landmark Benguet Corporation case.
Can a Bank Reverse Its Acknowledgment of Full Payment? Philippine Law Explained
Philippine Supreme Court ruling on whether a bank can correct a mistaken acknowledgment of full loan payment and demand the balance.
Banks' Duty of Care: Liability for Unauthorized Withdrawals and Moral Damages
Philippine Supreme Court ruling on bank liability for unauthorized withdrawals, gross negligence, and awards of moral and exemplary damages.
VAT Refund Claims: Proving Input Tax Payments With Proper Documentation
Tax refund claims fail without proper evidence. Learn the documentation rules from a Supreme Court case on input VAT refunds.
Usury Law and Loan Obligations: Balancing Lender Rights and Borrower Protection
Philippine Supreme Court ruling on 21% interest validity, 3% monthly surcharge nullity, and borrower obligations under the Usury Law.
Novation Requires a Completely New and Valid Agreement: Loan Restructuring Lessons
The Supreme Court clarifies when restructuring a loan creates novation, and how usurious interest rates are treated under Philippine law.
Loan Agreements: The Bank's Obligation to Release Funds and Consequences of Non-Compliance
When can a bank withhold loan proceeds? Philippine National Bank v. RBL Enterprises clarifies the rules on loan release, conditions precedent, and damages.
Foreclosure and the Right to Possession: Protecting Bank Assets in Liquidation
A bank in liquidation can still seek a writ of possession over foreclosed property. Learn the rules on jurisdiction, intervention, and redemption.
Palpable Mistakes in Stipulations: Correcting Factual Errors in Philippine Courts
Philippine courts may correct factual errors in stipulations when made through palpable mistake, as shown in Atlas Consolidated Mining v. CIR.
Legal Interest in Philippine Judgments: Simple vs. Compound Interest Explained
Philippine courts apply simple legal interest on monetary judgments unless compound interest is explicitly stipulated. Learn the rules from David vs. Court of Appeals.
Valid Search Warrants in the Philippines: Probable Cause and Specificity
Philippine law requires probable cause and particular description for valid search warrants. Kho v. Makalintal clarifies how specific these must be.
Lost Your Appeal Understanding Certiorari AND Final Judgments IN Philippine Courts
Learn how Philippine courts treat petitions for review on certiorari, final judgments, and due process in administrative proceedings.
Legal Interest Rates in the Philippines: When Does 6% vs 12% Apply
Philippine Supreme Court clarifies when 6% or 12% legal interest applies—loans and forbearance versus other obligations. Learn the rules.