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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When Banks Must Answer: BSP Decisions Appealable to Court of Appeals
Explaining the Supreme Court ruling that BSP Monetary Board decisions on bank administrative complaints may be appealed to the Court of Appeals.
BSP’s Exclusive Authority Over Bank Receivership: What It Means for Depositors and Creditors
The Supreme Court affirms the BSP’s exclusive authority over bank receivership, clarifying the limits of court intervention and the rights of depositors and creditors.
Improperly Impleading Agencies: BSP Exemption in Administrative Appeals
The Supreme Court clarifies that agencies like the BSP and Monetary Board cannot be impleaded as respondents in Rule 43 appeals.
Bank Closures Under RA 7653: Why a Report Suffices Without Full Examination
Supreme Court clarifies that under RA 7653, the BSP Monetary Board may close a bank based on a department head's report, not a full examination.
Tax Clearance Not Required for BSP-Ordered Bank Liquidation in the Philippines
Supreme Court ruling: banks closed by the BSP and liquidated by PDIC need not secure a BIR tax clearance before asset distribution.
Equal Protection Evolved When Subsequent Laws Invalidate Prior Statutes
When later laws exempted all other GFI rank-and-file from the Salary Standardization Law, the BSP proviso became unconstitutional.
Exhaustion of Administrative Remedies and SEC Jurisdiction Over Listed Banks
Supreme Court clarifies that listed banks must comply with SEC disclosure rules despite BSP supervision, explaining agency jurisdiction and administrative remedies.