G.R. No. 228904 - Philippine National Bank vs. AIC Construction Corp.

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G.R. No. 228904: Philippine National Bank vs. AIC Construction Corp.

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Title Supreme Court: Philippine National Bank vs. AIC Construction Corp.

Case: G.R. No. 228904

Decision Date: Oct 13, 2021

AIC Construction challenged PNB's unilateral interest rates and foreclosure, leading to Supreme Court ruling that rates were unconscionable, void, and replaced with 12% legal interest.

aic construction corp

interest rates

usurious

Long 26 min

1.6x of typical case length

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