The Philippine Deposit Insurance Corporation (PDIC) in partnership with the Philippine Judicial Academy (PHILJA) recently conducted a seminar-workshop on deposit insurance; banking practices; and bank conservatorship, receivership and liquidation in Davao City. Participants were RTC judges in Mindanao, Commercial Court judges and other members of the judicial community from NCR and Visayas who handle petitions for assistance in liquidation of closed banks. The two-day seminar is part of the collaboration of PHILJA and PDIC that aims to provide judges, justices, and court personnel with updates on banking laws and recent reforms under the amended PDIC Charter that took effect on June 1, 2009.

Justice Delilah V. Magtolis and Dr. Chelselden George V. Carmona acted as moderators of the seminar-workshop. On the other hand, speakers, who are all distinguished in their respective fields included Atty. Romeo M. Mendoza, Jr., PDIC General Counsel; Atty. Juan de Zuniga, Jr., BSP General Counsel; Atty. Ma. Antonette Brillantes-Bolivar, PDIC First Vice President for Litigation and Investigation Group; Atty. Jose Salvador Y. Mirasol, Professorial Lecturer in the PhilJA Commercial Law Department; and Atty. Richard David C. Funk II, Anti-Money Laundering Council Deputy Director and Head of Compliance and Investigation.

The seminar-workshop tackled the following areas: overview and salient amendments of the amended PDIC Charter, bank conservatorship, receivership and liquidation, unsafe and unsound banking practices, anti-money laundering law and other BSP related regulatory actions. Participants worked on sample cases to help them apply learnings from the discussion.

The seminar-workshop was 4th in the series conducted by PDIC and PHILJA. The next seminar will be held in Northern Luzon. Aside from apprising judges and court personnel about the PDIC Charter, the seminars will also help facilitate the disposition of cases related to banking, deposit insurance, receivership and liquidation.