About this document
EIB Liquidation Case: Apex v BSP by zealous9carrot is a document available to read on EtoBox.
The Monetary Board of the Bangko Sentral ng Pilipinas ordered the liquidation of EIB after the Philippine Deposit Insurance Corporation determined that the bank could no longer be rehabilitated following failed bidding processes. The stockholders of EIB filed a petition challenging the liquidation order. The Court of Appeals dismissed the petition, finding no grave abuse of discretion. The Supreme Court affirmed, holding that the Monetary Board is not required to make an independent determination before ord
- Author
- zealous9carrot
- Language
- EN