Title
Supreme Court
Salvacion vs. Central Bank of the Philippines
Case
G.R. No. 94723
Decision Date
Aug 21, 1997
A foreign transient’s dollar deposit, exempt under banking laws, was garnished to satisfy damages awarded to a minor rape victim, prompting the Supreme Court to rule against the exemption, prioritizing justice and constitutional rights.

Case Summary (G.R. No. 94723)

Procedural History

Criminal Cases Nos. 801–805 for serious illegal detention and four counts of rape were filed February 16, 1989, then archived when Bartelli remained at large. On the same day, petitioners filed Civil Case No. 89-3214 for damages with preliminary attachment, obtaining a writ on February 28, 1989. After default and ex parte hearing, the RTC granted ₱1,010,000 plus attorney’s fees and costs on March 29, 1990. Petitioners’ attempt to execute against Bartelli’s foreign currency deposit in China Bank was resisted under CB Circular No. 960, Sec. 113.

Issues Presented

  1. Whether the Supreme Court may entertain a petition for declaratory relief originally within the RTC’s jurisdiction.
  2. Whether Sec. 113 of CB Circular No. 960 and Sec. 8 of RA 6426, as amended by PD 1246, exempt a foreign transient’s deposit from garnishment to satisfy a civil judgment.

Petitioners’ Contentions

  • Sec. 113 of CB Circular No. 960 is unconstitutional as it:
    a. Violates substantive due process by nullifying the right to secure a valid judgment via attachment or execution.
    b. Grants an undue class privilege in violation of equal protection.
    c. Provides safe haven for criminals who convert ill-gotten funds into foreign currency deposits.
    d. Exceeds the Monetary Board’s quasi-legislative authority by impairing procedural rights under Rules 39 and 57.

Respondents’ Contentions

Central Bank

  • The exemption is mandated by RA 6426, as amended by PD 1246; the Monetary Board merely implemented statutory provisions.
  • The measure is a reasonable exercise of police power to promote economic development, applied uniformly to all foreign currency depositors.
    China Banking Corporation
  • Bound by law and circular; willing to release the funds but legally prevented.

Court’s Analysis on Jurisdiction

  • Original jurisdiction over declaratory relief lies with RTC; however, in exceptional cases raising questions of broad public interest and far-reaching legal implications, the Supreme Court may treat the petition as one for mandamus to compel compliance with a writ of execution. The present petition, involving a child’s enforceable civil remedy against a foreign abuser, warrants such treatment.

Court’s Analysis on Applicability of Foreign Currency Exemption

  • Sec. 113 of CB Circular No. 960 and Sec. 8 of RA 6426 as amended were designed to attract and protect genuine foreign lenders and long-term investors under the Foreign Currency Deposit and Offshore Banking systems (PD 1034, PD 1035).
  • A transient tourist’s deposit, intended for mere safekeeping during a brief visit, falls outside the class of deposits these statutes aimed to encourage.

Constitutional Considerations

  • Substantive due process: Denial of execution against Bartelli’s deposit renders the favorable civil judgment meaningless and violates petitioners’ right to judicial relief.
  • Equal protection: Applying the exemption to a transi

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