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With latest Chevron decision, issues of piercing corporate veil remain

Thursday, June 07, 2018 @ 9:04 AM | By Joel Berkovitz

The long and twisting saga of Yaiguaje v. Chevron Corporation took another turn recently with the latest decision in this matter from the Ontario Court of Appeal (Yaiguaje v. Chevron Corporation 2018 ONCA 472).

At its core, this case is about attempts to enforce a US$9.5 billion judgment in Canada which was obtained in Ecuador against the U.S. company Chevron Corporation (Chevron U.S.). A New York court declined to enforce this judgment in the United States, finding that the Ecuadorian judgment was obtained by fraud....