Back

Dial Corp., etal. Vs. Clemente M. Soriano, et al.

THE DIAL CORPORATION, ET AL. petitioner Vs. CLEMENTE M. SORIANO, ET AL. Respondents

G.R. No. 82330 | 1988-05-31

D E C I S I O N


GRIá'O-AQUINO, J.:

The petitioners are foreign corporations organized and existing under the laws of the United States, the United Kingdom, and Malaysia, are not domiciled in the Philippines, nor do they have officers or agents, place of business, or property in the Philippines; they are not licensed to engage, and are not engaged, in business here. The respondent Imperial Vegetable Oil Company, Inc. (or \"IVO\" for brevity) is a Philippine corporation which through its president, Dominador Monteverde, had entered into several contracts for the delivery of coconut oil to the petitioners. Those contracts stipulate that...