More on insured deposit aside from payment: ON INSURED DEPOSITS A bank may be ordered closed by the Bangko Sentral ng Pilipinas Upon closure or expiration or revocation of a bank’s corporate term, payment of insured deposits shall be made as soon as possible by the Philippine Deposit Insurance Corporation (PDIC) PDIC may require proof Read more about PAYMENT OF INSURED DEPOSITS[…]
Aside from deposit splitting, read more on deposits: ON INSURED DEPOSITS Splitting of deposits occurs whenever a deposit account is broken down and transferred into two or more accounts In deposit splitting, there is a presumption that the transferees have no beneficial ownership The grant of deposit insurance to an account found to have originated Read more about ON DEPOSIT SPLITTING[…]
Image Source Published — January 19, 2018 The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any. Also, the matters contained Read more about Payment of salary, and prohibitions regarding wages[…]
After learning WHO IS ENTITLED TO THE INSURED DEPOSIT, read also: PAYMENT OF INSURED DEPOSITS The registered owner/holder of a deposit is entitled to deposit insurance In case of deposit splitting, the transferor is generally recognized as the one entitled to deposit insurance A transferee may be entitled to deposit insurance May a transferee file Read more about WHO IS ENTITLED TO THE INSURED DEPOSIT?[…]
After reading this article about CLAIM FOR INSURED DEPOSIT, read also: EXCLUSIONS FROM DEPOSIT INSURANCE COVERAGE Insured deposits are to be paid when an insured bank has been closed Depositors with deposit accounts with balances of Php 100,000 and below may not be required to file claims The requirement to file claim on the insured Read more about FILING OF CLAIM FOR INSURED DEPOSIT[…]
The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business. The articles are for general information and educational purposes only, and not offered and do not constitute legal advice or legal opinion; where the facts and circumstances warrant. WHEN CAN Read more about Business Law and Labor Law Updates[…]
Originally, the Migrant Workers and Overseas Filipinos Act of 1995, also known as Republic Act No. 8042, didn’t have a part that specifically talked about giving insurance to workers hired through agencies.
Image Source Published — March 19, 2019 The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any. Also, the matters contained Read more about Permissible Deductions from Wages under the Labor Code and Other Laws[…]
