Philippine Supreme Court: Bank Cannot Recover Funds Withdrawn Due to Its Own Gross Negligence
August 25, 2026
August 25, 2026
MANILA, Philippines, Aug. 25 -- The Supreme Court of the Philippines issued the following news release:
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SC: Bank Cannot Recover Funds Withdrawn Due to Its Own Gross Negligence
The Supreme Court (SC) has ruled that a bank cannot require a depositor to return money they already withdrew on the ground of unjust enrichment when the loss was caused by the bank's own gross negligence.
In a Decision written by Associate Justice Japar B. Dim . . .
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SC: Bank Cannot Recover Funds Withdrawn Due to Its Own Gross Negligence
The Supreme Court (SC) has ruled that a bank cannot require a depositor to return money they already withdrew on the ground of unjust enrichment when the loss was caused by the bank's own gross negligence.
In a Decision written by Associate Justice Japar B. Dim . . .