About this document

HSBANK Liability in Check Payment Dispute by Maria Qibtiya is a document available to read on EtoBox.

Catalan filed a complaint against HSBC International Limited for the non-payment of five checks totaling 20 million pesos that were issued by Thomson and deposited by Catalan. The checks were returned by HSBC purportedly for "stop payment" reasons despite the checks being funded. Catalan sued under Article 19 of the Civil Code, which allows suing for abuse of rights. The Supreme Court ruled that the payee Catalan could sue the drawee bank HSBC under Article 19, as the elements of abuse of rights were presen

Author

Maria Qibtiya

Language

EN