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What is Court Ruling on Pledged Shares Auction about?

This document is a summary of a Supreme Court of the Philippines decision regarding a dispute over shares of stock that were pledged as collateral for loans and later auctioned off. The Court reversed the Court of Appeals decision, finding that the owners of the pledged shares did not have a right of redemption after the shares were sold at a notarial auction pursuant to a final judgment. The Court held that the owners

Author

Rald Ramirez

Language

EN