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.

Showing 1–3 of 3 articles for “foreign debt”

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Feb 12, 2014 suretyship civil code article 2079 surety bonds guaranty supreme court

Surety Bonds Survive Debt Extension: Key Supreme Court Ruling on Article 2079

Extension of a principal's debt without a surety's consent does not automatically extinguish surety bonds, per the Supreme Court.

Oct 13, 2005 constitutional law foreign debt presidential power section 20 article vii debt relief alter ego doctrine

Presidential Power Limits on Foreign Debt Contraction in the Philippines

The Supreme Court clarifies the President's power to contract foreign loans, including debt buybacks and bond conversions, under Section 20, Article VII of the Constitution.

May 8, 1996 tax-law bad-debts income-tax deductions bir supreme-court

Deducting Bad Debts in the Philippines: Proving Worthlessness for Tax Purposes

Philippine Supreme Court clarifies the strict requirements for deducting bad debts for tax purposes, emphasizing documentary proof of worthlessness.