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CALI Insolvency Case: Velayo v. Shell by Erika Mariz Cunanan is a document available to read on EtoBox.

What is CALI Insolvency Case: Velayo v. Shell about?

1) The defendant Shell Company of the Philippine Islands owed the now insolvent airline CALI P170,162.58. On August 6, 1948 CALI informed its creditors including Shell of its insolvency. 2) On August 9, 1948, Shell transferred its credit with CALI to its American affiliate Shell Oil Company and filed an attachment suit against CALI in a California court to recover the debt. 3) The assignee in insolvency of CALI, Alfredo Velayo, sued Shell to stop the California proceedings and recover damages, arguing Sh

Author

Erika Mariz Cunanan

Language

EN