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Gironella v. PNB: Loan Restructuring Dispute by Nath Antonio is a document available to read on EtoBox.

1) The Spouses Gironella obtained three loans from Philippine National Bank (PNB) between 1991-1992 to construct a hotel and related facilities. They defaulted on the first two loans. 2) Negotiations took place between 1998-2000 to restructure the loans, however the parties did not reach a final agreement. PNB asserted the letters exchanged constituted a counter-offer rather than acceptance. 3) The Supreme Court ruled in favor of PNB, finding no valid restructured loan agreement was perfected, as negotia

Author

Nath Antonio

Language

EN