By: Gregorio M. Batiller, Jr. In an April 2001 decision, the Supreme Court clarified that a bank may not charge interest on that portion of a letter of credit covered by a marginal deposit. Sometime in July 1982, X Cement Corp. and its President Mr. G. Tan obtained from Y Bank a letter of credit […]
By: Gregorio M. Batiller, Jr. Where the shipowner fails to overcome the presumptionof negligence, the doctrine of limited liability cannot be applied In the recent case of Aboitiz Shipping Corp. vs. New India Assurance ltd. (G.R. No. 156978, May 2, 2006), the Supreme Court clarified the applicability of the doctrine of limited liability in maritime
By: Gregorio M. Batiller, Jr. R.A. 9160: “The Anti-Money Laundering Act of 2001” was promulgated primarily to allow the examination of bank accounts suspected to be sourced from illegal activities but which otherwise are protected from examination or freezing under existing laws on secrecy of bank deposits. R.A. 1405 (“An Act Prohibiting Disclosure of or
By: Gregorio M. Batiller, Jr. Last Friday, rushing to a meeting in Eastwood City, Libis I thought the fastest route was to pass thru Barangay Cembo thru to C-5. What I saw enroute to my meeting, dismally appalled me. There were mounds after mounds of garbage just dumped on the islands-some even liberally spilling unto
By: Gregorio M. Batiller, Jr. The Supreme Court recently came out with an amendment of Rule 140 of the Rules of Court regarding the discipline of Justices and Judges. The amendment enumerated the acts which would constitute serious, less serious and light charges. Of the serious charges, the ones that caught my eye were: a)
By: Gregorio M. Batiller, Jr. At issue in this action for recovery of damages arising from breach of contract of carriage is the amount of evidence needed to obtain a favorable judgment. Angel bought from United Airlines three VUSA tickets from himself, his wife and son to visit the cities of Washington DC, Chicago and
By: Gregorio M. Batiller, Jr. F. Lirag sued M Corp. (a Japanese corporation) and several of its officers to recover on his commission based on an oral consultancy agreement with said Japanese corporation. He alleged that sometime February 1987, M Corp. engaged his consultancy group for the purpose of obtaining government contracts of various projects.
By: Gregorio M. Batiller, Jr. Petitioners Spouses D are engaged in the manufacturing and selling of shirts. Respondent S, in turn, is part owner and general manager of a manufacturing corporation. Petitioners and respondent entered into a contract whereby the latter would manufacture for the petitioners some 20,000 pieces of vinyl frogs and 20,000 pieces
CONTRACT FOR A PIECE OF WORK (AS DISTINGUISHED FROM A CONTRACT OF SALE) Read More »
By: Gregorio M. Batiller, Jr. Palace spokesperson Rigoberto Tiglao was quoted as saying that the recent expose of Pacifico Marcelo was cause for worry. Just when the economy was anticipated to really pick up, the opposition has again resorted to destabilizing moves. But what’s there to worry if Pic Marcelo’s charges are merely fabricated? So
By: Gregorio M. Batiller, Jr. Joey was in need of money. He approached his friend Lulu who was the treasurer of H. Corp. for a loan. H Corp. thru its treasurer Lulu and its chairman Antonio issued in favor of Joey four (4) postdated checks in the total amount of P2M. Said checks were duly
