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Overseas Bank Liability Case Summary by Rubz Jean is a document available to read on EtoBox.
The National Waterworks and Sewerage Authority (NAWASA) entered into a contract with Bonifacio Regalado to supply materials. NAWASA deposited payments from Regalado into time deposits with Overseas Bank of Manila. After the deposits matured, NAWASA requested withdrawals but Overseas Bank failed to respond or remit the funds. NAWASA sued Overseas Bank to recover the deposits. The Court of Appeals affirmed the ruling in favor of NAWASA, ordering Overseas Bank to pay. Overseas Bank claimed the Central Bank sus
- Author
- Rubz Jean
- Language
- EN