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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Standby Letters of Credit vs Counter-Bonds: Safeguarding Preliminary Attachments in Philippine Litigation
A standby letter of credit cannot substitute a counter-bond to discharge a preliminary attachment under Rule 57, per the Supreme Court.
When Can a Bank Deposit Real Property Instead of Cash to Lift an Attachment?
Philippine Supreme Court clarifies that under Rule 57, only cash deposit or counter-bond can lift a writ of attachment.
Cash Deposit or Counter Bond: The Only Ways to Discharge an Attachment in Philippine Courts
Philippine Supreme Court clarifies that only cash deposits or counter-bonds can discharge a writ of attachment—not real property.
Fraudulent Inducement and Preliminary Attachment When Allegations Mirror the Cause of Action
When fraud is both the ground for attachment and the core of the complaint, only a counter-bond can discharge the writ.
The Counter Bond Conundrum: Ensuring Fair Attachment in Philippine Courts
Philippine Supreme Court clarifies how courts should compute counter-bonds to discharge preliminary attachment, preventing excessive demands on debtors.