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What is UCPB v EGI: Loan Dispute and Jurisdiction about?
The case involves E. Ganzon, Inc. (EGI) defaulting on loans from United Coconut Planters Bank (UCPB) secured by mortgaged properties, leading to a settlement agreement and subsequent disputes over the outstanding loan balance. EGI contested the increase in its loan obligations due to transaction costs and filed an administrative complaint against UCPB, which was dismissed by the BSP. The Court of Appeals ruled that it had jurisdiction to review the case, but the Supreme Court clarified that such decisions b
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