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Subrogation in Licaros v. Gatmaitan by Hana Danische Elliot is a document available to read on EtoBox.

Licaros invested money in Anglo-Asean Bank but was unable to retrieve his investment. Gatmaitan agreed to collect the money from Anglo-Asean in exchange for Licaros transferring his rights to Gatmaitan. Gatmaitan was unable to collect from Anglo-Asean. The Supreme Court ruled that the agreement between Licaros and Gatmaitan was one of conventional subrogation, not assignment, because subrogation requires consent of all parties including the debtor Anglo-Asean Bank. As Anglo-Asean did not consent, the agreem

Author

Hana Danische Elliot

Language

EN