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Supreme Court Refines Guidelines for Declaring Interest Rates as Unconscionable
Since the suspension of the Usury Law, contracting parties have the freedom to agree on any interest rate. However, Courts have ruled that interest rates may be deemed unconscionable depending on the context in which they were imposed. In the case of Pabalan v. Sabnani (G.R. 211363, 2023), the Supreme Court ruled that courts should first make a determination of whether the parties […]
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