G.R. No. 79926-27 - State Investment House, Inc. vs. Citibank, N.A.

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G.R. No. 79926-27: State Investment House, Inc. vs. Citibank, N.A.

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Title Supreme Court: State Investment House, Inc. vs. Citibank, N.A.

Case: G.R. No. 79926-27

Decision Date: Oct 17, 1991

Foreign banks licensed in the Philippines petitioned for CMI's involuntary insolvency; Supreme Court ruled they qualify as "residents" under Insolvency Law, affirming petition's validity.

foreign banks

licensed to do business

residents

Long 25 min

1.5x of typical case length

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