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 1–9 of 9 articles for “personal guarantee”

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Sep 17, 2019 bp-22 bouncing-checks-law corporate-liability piercing-corporate-veil criminal-law supreme-court

B.P. 22 and the Corporate Veil: When Corporate Officers Face Personal Liability

The Supreme Court pierces the corporate veil in B.P. 22 cases, holding officers personally liable for bouncing checks—but only with proper notice of dishonor.

Jun 29, 2015 surety continuing guaranty banking law civil code contract law

Revocation and Renewal: Understanding Surety Obligations in Philippine Banking

When a continuing surety expires or is revoked, a bank cannot hold the surety liable for loans made after that point.

Dec 3, 2012 corporate law trust receipts personal liability corporate officers piercing the corporate veil guarantees

Personal Guarantees and Piercing the Corporate Veil: Lessons from Crisologo v. People

When corporate officers sign personal guarantees, they may face personal liability. The Supreme Court clarifies the limits in Crisologo v. People.

Dec 16, 2005 corporate law criminal liability loan documents officer liability philippine law

Corporate Officer Liability When Signing Loan Documents Leads to Criminal Charges in the Philippines

Learn when signing loan documents as a corporate officer can trigger criminal liability in the Philippines, based on Supreme Court rulings.

Apr 28, 2003 trust receipts law estafa corporate liability criminal law agents

Trust Receipts Law Liability: When Agents Face Estafa Charges

Learn when corporate agents can face criminal liability for estafa under the Trust Receipts Law, based on the Supreme Court's ruling in Ong v. Court of Appeals.

Dec 14, 2001 corporate law personal liability trust receipts letters of credit solidary liability commercial law

Personal Liability in Corporate Obligations When Signing Blurs the Line

When do corporate officers become personally liable for company debts? A Supreme Court ruling on trust receipts and letters of credit provides clear guidance.

Sep 25, 1998 foreign judgments jurisdiction due process service of summons civil procedure

Enforcing Foreign Judgments in the Philippines: Jurisdiction and Due Process

A Hong Kong judgment against a Quezon City resident was unenforceable in the Philippines because the foreign court never acquired jurisdiction over him.

Mar 2, 1998 suspension of payments securities and exchange commission presidential decree 902-a corporate rehabilitation philippine insolvency law

Suspension of Payments in the Philippines: Who Can File and What Are the Limits

The Supreme Court clarifies that only corporations, partnerships, or associations—not individuals—may file for suspension of payments under PD 902-A.

Apr 7, 1997 surety agreement corporate liability personal guarantee continuing suretyship philippine law contract law

Corporate Liability vs Personal Guarantee: Surety Agreements in the Philippines

Philippine Supreme Court ruling on when a continuing surety agreement covers corporate debts and when it does not bind the surety.