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Pilipinas vs.Royal

PILIPINAS SHELL PETROLEUM CORPORATION, PETITIONER, VS. ROYAL FERRY SERVICES, INC., RESPONDENT.

G.R. No. 188146 | 2017-02-01

Republic of the Philippines
Supreme Court
Manila
 
SECOND DIVISION
 
DECISION
 
LEONEN, J.:
 
The venue for a petition for voluntary insolvency proceeding under the Insolvency Law is the Court of First Instance of the province or city where the insolvent debtor resides. A corporation is considered a resident of the place where its principal office is located as stated in its Articles of Incorporation. However, when it is uncontroverted that the insolvent corporation abandoned the old principal office, the corporation is considered a resident of the city where its actual principal office is currently found.

This resolves a Petition...