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What is East West Bank Loan Dispute Ruling about?

This document summarizes a Supreme Court of the Philippines case from 2008. Petitioners (the Estanislaos) took out a loan from respondent East West Banking Corporation in 1997. Petitioners later sought to dismiss the amended complaint, arguing full payment based on loan payments, execution of a deed of assignment, and delivery of equipment. The trial court dismissed the complaint, finding the obligation extinguished. However, the Court of Appeals reversed, ordering petitioners to pay respondent over P4 mill

Author

Gia Panuncialman

Language

EN