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What is Home Insurance Co. Capacity to Sue Case about?

The Supreme Court held that Home Insurance Co., a foreign insurance company, has the capacity to sue the shipping companies for reimbursement despite not having a license to do business in the Philippines at the time the contracts were entered. The Court cited previous cases and clarified that the old Corporation Law was meant to invite foreign businesses, not hamper trade, and that lacking a license does not invalidate contracts but only restricts the capacity to sue during that time. The Court also noted

Author

Nica Pine

Language

EN