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What is PCHC Arbitration Jurisdiction in Banking Disputes about?

This document discusses a case regarding a third-party complaint filed by Associated Bank against four other banks (Philippine Commercial International Bank, Far East Bank & Trust Co., Security Bank and Trust Co., and Citytrust Banking Corporation) seeking reimbursement, contribution and indemnity in connection with Associated Bank honoring 16 checks that allegedly contained alterations. The Regional Trial Court and Court of Appeals both dismissed the third-party complaint for lack of jurisdiction, holding

Author

monkeypuzzle93

Language

EN