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.
When Can a Bank’s Foreclosure Be Annulled? Overpayment and the Duty to Account
The Supreme Court clarifies when a bank’s foreclosure may be annulled due to overpayment or failure to render a full accounting of loan payments.
Supreme Court Strikes Down BIR Rule on Bank Expense Allocation
The Supreme Court voided Revenue Regulations No. 4-2011 for overstepping BIR authority and violating taxpayers' right to choose accounting methods.
The Fiduciary Duty of Banks in Loan Accounting: A Guide to Metrobank v. Cruz
The Supreme Court affirms that banks owe clients a fiduciary duty to keep accurate loan records and render full accounting, beyond any internal retention policy.
Reasonable Doubt in Qualified Theft: When Missing Proof Means Acquittal
A look at how the Supreme Court acquitted an accounting-in-charge of qualified theft when the prosecution failed to prove taking and intent.
Brokerage Obligations Accounting FOR Stock Certificates AND Exchange Liabilities
Philippine Supreme Court clarifies stockbroker duties: accounting for missing certificates, PSE's right to sell pledged seats, and client refunds.
Enforcing Final Judgments: Accounting for Unlawful Rental Collection After Foreclosure
Philippine Supreme Court clarifies that final judgments may be executed even if the exact amount is unstated, allowing courts to conduct hearings for accounting.
Accrual Accounting and the All-Events Test: Deducting Business Expenses in Philippine Tax Law
When can a business deduct expenses under accrual accounting? The Supreme Court explains the all-events test in this Philippine tax case.
Attorney Suspended for Failing to Account for Client Funds Withdrawn from Court
Lawyer suspended two years for withdrawing P255,000 in client rentals without accounting, violating the Code of Professional Responsibility.
Partnership Dissolution and Accounting: Heirs' Rights and Docket Fee Obligations
Supreme Court clarifies heirs' rights to demand partnership accounting after a partner's death, and the docket fee obligations in such actions.
Client Funds in Trust: Why Lawyer Accountability Matters in the Philippines
A lawyer's duty to hold client funds in trust and render an accounting, explained through a Supreme Court suspension case.
Breach of Contract: Financial Obligations and Due Diligence in Land Development Agreements
A Supreme Court ruling on accounting obligations, due diligence, and the consequences of failing to produce financial records in land development disputes.