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Philippine Insolvency Law Case Summary by Anjanette Mangalindan is a document available to read on EtoBox.

What is Philippine Insolvency Law Case Summary about?

1) The document discusses a case involving three foreign banks (Bank of America, Citibank, and Hong Kong Shanghai Banking Corp) filing a petition for involuntary insolvency of Consolidated Mines Inc. (CMI) with the Court of First Instance of Rizal. 2) State Investment House Inc. and State Financing Center Inc. opposed the petition, arguing the court had no jurisdiction as the foreign banks were not "residents of the Philippine Islands" as required by the Insolvency Law. 3) The Regional Trial Court grant

Author

Anjanette Mangalindan

Language

EN