BSP liable for P19-B damage claim

In a minute resolution, the Supreme Court upheld the rationale of the Court of Appeals that read “the Central Bank continues to exist and has remained a defendant but with a new name — the Central Bank Board of Liquidators, while the Bangko Sentral ng Pilipinas…is the successor-in-interest of the old Central Bank…”

The third division of the high court debunked anew the BSP’s contention that it could not be accountable and should not be named as respondent in the case since the Cental Bank Board of Liquidators or CB-BoL is answering for the damages.

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