Legal Question in Credit and Debt Law in Philippines

Is there any criminal liability in the Philippines for loans done in another country (i.e. UAE, Saudi Arabia)? Would that change if the loan has been bought by a collections agency running in the Philippines?


Asked on 5/29/12, 9:22 pm

1 Answer from Attorneys
VOLTAIRE T. DUANO VOLTAIRE T. DUANO LAW OFFICE

We follow the principle of territoriality.This means only those crimes committed in the Philippines can be prosecuted and punished in the Philippines. Its a simple loan, a civil case.

Read more
Answered on 5/30/12, 7:14 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Philippines