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.
Jan 16, 2023contract-lawmutuality-of-contractsinterest-ratesloan-agreementsescalation-clauseland-bank
Upholding Mutuality in Loan Agreements: Scrutinizing Interest Rate Adjustments
The Supreme Court clarifies when a bank's interest rate adjustments in loan agreements are valid, reaffirming the principle of mutuality of contracts.