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What is Panlilio vs. Citibank: Investment Dispute about?

1) Spouses Panlilio initially wanted to invest PHP1 million in a Citibank high-interest product but instead deposited it in a savings account. They later invested PHP2.1 million more in Citibank commercial paper issued by C&P Homes. 2) When C&P Homes stock plunged, the Panlillos demanded Citibank return their investment. Citibank refused, arguing the contract created an agency relationship where Citibank acted as the Panlillos

Author

jerichouy

Language

EN