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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Continuing Security Mortgage Coverage Beyond Initial Credit Agreements
Explaining the Supreme Court ruling on when deeds of assignment serve as continuing security for credit facilities, and why summary judgment was properly denied.
Bank's Failure to Release Loan Funds Nullifies Foreclosure of Mortgage
Philippine Supreme Court rules a bank's breach of a credit agreement bars foreclosure, explaining borrower's reciprocal obligation to pay only arises after full release of loan proceeds.
Who Bears the Loss? Examining Fault in Poultry Growing Contracts
A Supreme Court ruling clarifies when poultry growers bear the risk of loss under continuing credit agreements with feed suppliers.
Continuing Suretyship Scope and Enforceability in Loan Renewals
Philippine Supreme Court clarifies that a continuing suretyship covers loan renewals and future availments under the same credit agreement.
Letters of Credit and Construction Contracts: Defining Liability in Tripartite Agreements
A Supreme Court ruling clarifies when a bank is liable under a tripartite letter of credit agreement in construction financing.