D'ANGELO v. PETROLEOS MEXICANOS


317 A.2d 38 (1973)

James P. D'ANGELO, receiver for Papantla Royalties Corporation, a dissolved Delaware corporation, Plaintiff, v. PETROLEOS MEXICANOS, a decentralized Institution pertaining to the Republic of Mexico, Defendant.

Court of Chancery of Delaware, New Castle.

November 6, 1973.


Attorney(s) appearing for the Case

William H. Bennethum, Wilmington, for plaintiff.

Arthur G. Connolly, Jr., and Stanley C. Macel, III, Connolly, Bove & Lodge, Wilmington, and Timothy P. Walsh, Hardin, Hess & Walsh, New York City, for defendant.


DUFFY, Justice:*

Plaintiff is the Receiver for Papantla Royalties Corporation (Papantla), a dissolved Delaware corporation; defendant, Petroleos Mexicanos (Pemex) is a "decentralized Institution pertaining to the Republic of Mexico"; Pemex is neither a Delaware corporation nor is it licensed to do business in this State.

The Receiver alleges that Papantla is the legal owner of certain oil royalties and participation rights which...

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