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What is Tuble vs. Asiatrust: Redemption Dispute about?

This document summarizes a Supreme Court of the Philippines case regarding a dispute over loan redemption prices between Asia Trust Development Bank and a former employee, Carmelo Tuble. Tuble took out three loans from the bank and was also entitled to deferred compensation. When he resigned, the bank demanded repayment of the loans but Tuble requested to offset his loans with money owed to him. The bank eventually allowed this but increased the redemption price of one loan significantly with additional fee

Author

ecinue guirreisa

Language

EN