Can I read Philippines Supreme Court Ruling on Bank Garnishment on EtoBox?
Philippines Supreme Court Ruling on Bank Garnishment by Yahiko Yamato is a document available to read on EtoBox.
What is Philippines Supreme Court Ruling on Bank Garnishment about?
The Supreme Court of the Philippines upheld two orders from a lower court that required a bank to disclose whether a judgment debtor had deposits with the bank. The bank argued that a law, Republic Act 1405, prohibited such disclosure of bank deposit information. However, the Supreme Court found that the law did not prevent disclosure of bank deposits when needed to satisfy a final court judgment. The legislative history of the law also supported this interpretation. The Court affirmed the lower court
- Author
- Yahiko Yamato
- Language
- EN