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.

Showing 1–3 of 3 articles for “bank discretion”

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Jun 20, 2018 foreclosure redemption repurchase bank discretion property law philippine national bank

Foreclosure Sales and Repurchase Rights: Understanding Bank Discretion in Asset Disposition

Philippine Supreme Court clarifies that after the redemption period expires, former owners have no enforceable right to repurchase foreclosed property from the bank.

Oct 23, 2013 contracts loans rescission mutuality of contracts banks civil code

When Loan Agreements Clash: Mutuality, Rescission, and the Limits of Bank Discretion

A Supreme Court ruling on when a bank's refusal to release loan proceeds amounts to a slight breach, not grounds for rescission.

Feb 12, 2008 mutuality of contracts interest rates banking law philippine national bank loan agreements foreclosure

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.