Uploads
Lorenzo shipping corporation v. chubb and sons, inc., 431 SCRA 266, 2004 FACTS: Lorenzo Shipping Corporation carried 581 bundles of black steel pipes for the account of Sumitomo Corporation. Sumitomo insured the shipment with chubb and sons, an insurance company. Due to negligence by Lorenzo corp. the steel pipes was heavily rusted. Sumitomo inspected the pipes and declared it unfit and filed an insurance claim against chubb and sons for $104k. Chubb and sons filed a complaint for collection of sum of money against Lorenzo shipping. ISSUE: Did Chubb and Sons have capacity to sue? RULING: Yes. Capacity to sue is a right personal to its holder, it is conferred by law. The foreign corporation doing an isolatedbusiness transaction in the Philippines does not need a license. The insurer Chubb and Sons is the real party ininterest and damages. Where an insurance company as subrogee pays the insured of the entire loss it suffered,the insurer subrogee is the only real party in interest and mus 0% fanden dieses Dokument nützlichHASEGAWA V. KITAMURA, 538 SCRA 26, (2007) Facts 0% fanden dieses Dokument nützlichOil and Natural Gas Commission V Court of Appeals, 293 Scra 96 (1998) Facts 0% fanden dieses Dokument nützlich