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.
Correspondent Banks' Right to Reimbursement in Dishonored Letters of Credit
Philippine Supreme Court ruling on correspondent banks' right to reimbursement when letters of credit are dishonored, explained in plain language.
Shared Negligence: Banks and Depositors Must Bear Losses Equally When Both Are at Fault
When a bank releases check proceeds before clearing and a depositor withdraws them hastily, both may share the loss equally under Philippine law.
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.
Bank Liability in Foreign Exchange Transactions: The Reyes v. Far East Bank Standard
When are banks liable for dishonored foreign exchange drafts? The Supreme Court clarifies the diligence standard in Reyes v. Far East Bank.