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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Loan Agreements and Interest Rates: Lessons from a Philippine Supreme Court Ruling
A Philippine Supreme Court ruling clarifies when banks may impose penalty charges and compound interest under loan restructuring agreements.
Deficiency Claims After Foreclosure: Banks' Rights and Limits on Penalties
Philippine Supreme Court clarifies that banks may collect deficiency after extrajudicial foreclosure, but courts can reduce excessive penalty charges.
Unconscionable Penalties: Reassessing Loan Obligations in Philippine Law
The Supreme Court clarifies when courts may reduce penalty charges and attorney's fees in deficiency claims after foreclosure.
Reducing Unconscionable Penalties: The Supreme Court’s Stance on Fair Loan Obligations
The Supreme Court clarifies when penalty charges in loan contracts are unconscionable and may be reduced, balancing creditor rights with debtor protection.
Truth in Lending Disclosure in Promissory Note Valid for Penalty Charges
Supreme Court rules penalty charges disclosed in promissory note satisfy Truth in Lending Act, but courts may reduce unconscionable rates.
Contractual Obligations Upholding Interest AND Penalties IN Land Purchase Agreements
Philippine Supreme Court rules buyers must pay stipulated interest and penalty charges in land purchase agreements, even if onerous.
Interest on Penalties: The Limits of Compounding in Loan Obligations
Philippine Supreme Court clarifies when interest may be charged on unpaid penalty charges in loan contracts, and when courts may reduce unconscionable penalties.