Sunday, January 22, 2012

Civil Obligation vs. Employee Relations

In Hongkong and Shanghai Banking Corporation, Ltd. Staff Retirement Plan (HSBC SRP) v. Spouses Broqueza, which involved the dismissed co-employees of herein petitioner Ana who were also unable to pay the monthly amortizations of their respective loans, and despite HSBC SRP's demand for them to pay their loan, they still failed to pay their loan obligations, We said, among others, that the enforcement of a loan agreement involves debtor-creditor relations founded on contracts and does not in any way concern employee relations (Ma. Ana M. Tamonte and Edilberto A. Tamonte Vs. Hongkong Shanghai Banking Corporation, Ltd., et al., G.R. No. 166970. August 17, 2011).

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