LAW 107: Credit Transactions: 03.2018

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China loans: PH natural resources as collateral?

In the context of Credit Transactions, explain whether or not a pledge or mortgage of Philippine natural resources by the Government is valid.

Relevant Laws

Civil Code of the Philippines, Articles 1933 to 2009, 2047 to 2141, 2236 to 2251
Code of Commerce, Merchants and Commercial Transactions, Articles 1-63, and Letters of Credit, Articles 567-572
Trust Receipts Law, Presidential Decree 115
Truth in Lending Act, R.A. No. 3765
The Warehouse Receipts Law, Act No. 2137 in relation to
The General Bonded Warehouse Act, Act No. 3893
The Chattel Mortgage Law, Act 1508 in relation to Articles 1484 and 1485, 2140, and 2141 of the Civil Code (repealed by the PPSA)
Real Estate Mortgage Law, Act No. 3135, as amended by R.A. No. 4118
Financial Rehabilitation and Insolvency Act of 2010, R.A. No. 10142Re

The Personal Property Security Act, R.A. No. 11057

LAW 107: Credit Transactions

Pages

3.07.2018

Additional Assignment: Philippine Natural Resources as Collateral