Read the full judgment text of HCA 005550/1985 on BabelCite. This High Court CFI judgment was delivered on 6 January 1986.
1. This claim is very similar to that in A 5714/85 except that the amount owing to the Plaintiff is $U. S.500,000. A Credit Agreement between the Central Bank of the Philippines, the Government of the Philippines and numerous other banks of which the Plaintiff is one has also been exhibited here. This is a very long document Whereby the creditor banks agree not to enforce immediate payment of certain loans. However Schedule I Part I of that agreement excludes "Interbank placements in the foreign