Practice question
AMLC seeks an ordinary Section10(a) freeze order. A litigant asks an RTC to issue a TRO against that freeze order, relying only on the RTC’s general jurisdiction. No separate statutory sanctions order is involved. Which rule controls?
- Only the Supreme Court may enjoin that Section10(a) freeze order
- Every RTC can enjoin it
- Only a bank manager may enjoin it
- The municipal mayor may revoke it
- A private affidavit automatically lifts it
Legal references
- RA11521, amended AMLA Sections8-A,10 and20: https://lawphil.net/statutes/repacts/ra2021/ra_11521_2021.html
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