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.

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May 13, 2019 civil-law suretyship novation loan-restructuring continuing-guarantee obligations

Loan Restructuring and Surety Obligations: Understanding Novation and Continuing Guarantees

Philippine Supreme Court clarifies when loan restructuring extinguishes a surety's obligation and the binding effect of continuing guarantees.