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Aboitiz v. GAFLAC: Limited Liability Ruling by John Patrick Garcia is a document available to read on EtoBox.

What is Aboitiz v. GAFLAC: Limited Liability Ruling about?

1) The petitioner owned a vessel that sank in 1980, resulting in lost cargo claims from shippers and insurers like the private respondent GAFLAC. 2) The sinking was found to be due to a fortuitous event by the Board of Marine Inquiry. 3) The court held that the doctrine of limited liability, which limits recovery of claims to the residual assets of the vessel like insurance proceeds, was applicable in this case. All claims must be collected and satisfied simultaneously from the available insurance procee

Author

John Patrick Garcia

Language

EN