Matas and Matienzo Law Offices

29/01/2025

Sending you wishes of peace, happiness, and endless blessings.

Happy Chinese New Year 2025!

20/01/2025

For your information, everyone.

Hindi maaaring tanggihan ng mga bangko nang wala sa katuwiran ang pagbabayad ng mga nanghihiram na nanganganib na maharap sa mas mataas na interes at karagdagang mga singil.

Sa isang Desisyon na isinulat ni Associate Justice Alfredo Benjamin S. Caguioa, inatasan ng Third Division ng Korte ang Premiere Development Bank (Bangko) na tanggapin ang tseke na ibinayad ng mag-asawang Engracio T. Castañeda (Engracio) at Lourdes E. Castañeda bilang kabuuang bayad sa kanilang personal na utang.

Ang mag-asawa ay kumuha ng PHP 2.6 milyong personal loan mula sa Bangko. Pero nagsilbi rin silang surety sa tatlong utang na nagkakahalaga ng PHP 86.8 milyon na kinuha ng dalawang kumpanya kung saan nagsilbing presidente at bise-presidente si Engracio.

Nang magbayad ang mag-asawa ng PHP 2.6 milyon para sa kanilang personal loan at P6 milyon para sa isa sa mga corporate loans, hinati-hati ng Bangko ang bayad sa apat na utang.

Sa Desisyon ng Korte, dapat itinuring ng Bangko na kabuuang bayad sa personal loan ng mag-asawa ang PHP 2.6 milyon. Sa ilalim ng Article 1252 ng Civil Code, maaring magpasya ang nagpapahiram kung paano i-apply ang bayad kapag hindi nagsabi ang nanghihiram. Pero para lang ito sa iisang nanghihiram na may maraming utang.

Ayon pa sa Korte, mali ang Bangko sa pagtrato sa mag-asawa at sa mga kumpanya bilang iisang nanghihiram, na pinagsasama ang mga pagbabayad para sa magkahiwalay na personal at corporate na mga utang, dahil ang mag-asawa at ang mga kumpanya ay magkaibang entity.

Basahin ang buong teksto ng press release sa https://sc.judiciary.gov.ph/sc-banks-cannot-unreasonably-refuse-payment-from-borrowers/

Basahin ang buong teksto ng Desisyon sa https://sc.judiciary.gov.ph/185110-premiere-development-bank-vs-spouse-engracio-t-castaneda-and-lourdes-e-castaneda

04/01/2025

The Supreme Court reiterated that while lenders can acquire properties used as loan collateral, ownership cannot automatically transfer to them.

The SC explained that pactum commissorium occurs when (1) a property is used as collateral for a loan; and (2) the loan agreement includes a provision automatically transferring ownership of the collateral to the lender if the borrower fails to pay.

The SC emphasized that pactum commissorium is prohibited to protect borrowers from losing properties that may be worth more than their debt. Ownership can only be transferred through foreclosure and a public auction.

However, the SC clarified that this prohibition only applies to automatic transfers of ownership. Borrowers are free to voluntarily sell their collateral to lenders as repayment.

In this case, the realty corporation willingly entered into a separate agreement to sell its properties to the lenders as payment for the loan. The SC ruled that this was not an automatic transfer and, therefore, did not violate the prohibition against pactum commissorium.

The Decision is from the SC First Division, penned by Chief Justice Alexander G. Gesmundo.

Read the full text of the press release at:
https://sc.judiciary.gov.ph/sc-automatic-transfer-of-collateral-for-loan-repayment-prohibited/

Read the full text of the Decision at:
https://sc.judiciary.gov.ph/217368-ruby-shelter-builders-and-realty-development-corporation-vs-romeo-y-tan-et-al/



Copying of this content is subject to the SC PIO’s Credit Attribution Policy: https://sc.judiciary.gov.ph/credit-attribution-policy/

31/12/2024

Happy New Year, everyone!

Cheers to continued success and happiness this year 2025!

24/12/2024

Merry Christmas and Happy Holidays!

May your home be filled with love and warmth this season.

24/12/2024

READ: 2024 Christmas message by Chief Justice Alexander G. Gesmundo

READ: 2024 Christmas message by Chief Justice Alexander G. Gesmundo

16/06/2024

Thank you to our first heroes and role models! Thank you to the source of strength in our family! Happy Father's Day!

11/06/2024

"Filipinos do not yield!"

Today, we celebrate the glory of our freedom.
Happy Independence Day, everyone!

12/05/2024

Warmest Congratulations to our Partner, Atty. Herbert D.G. Matienzo for earning his Masters of Public Administration in Syracuse University - Maxwell School of Citizenship and Public Affairs!

Cheers to your new achievement, Atty. Matienzo!

Lambda Rho Beta Fraternity congratulates Philippine Contractors Accreditation Board (PCAB) Executive Director Atty. Herbert D.G. Matienzo for having received his Master of Public Administration Degree from Syracuse University- Maxwell School of Citizenship and Public Affairs on May 10, 2024.

Grand Herbert Matienzo also obtained his Master of Laws from the University of Southern California-Gould School of Law in May 2022 and his Juris Doctor Degree from San Beda University in 2011.

FOR THE LAMBDA RHO BETA...THE BEST!

12/05/2024

Thank you for all that you do for us! Enjoy your day!
Happy Mother's Day!

01/05/2024

To all hardworking and passionate employees: Happy Labor Day!

09/04/2024

Eid is the day of Allah. It is a day to share happiness, love and laughter. Have an amazing Eid, filled with joy and prosperity!