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 1–2 of 2 articles for “luzon development bank”

Sort:Newest Oldest

Apr 13, 2015 attachment rule 57 rules of court civil procedure counter-bond luzon development bank

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.

Apr 13, 2015 civil-procedure preliminary-attachment counter-bond rule-57 writ-of-attachment philippine-courts

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.