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CORPORATIONS - Distinct legal entity - Exceptions (piercing the corporate veil)

Friday, June 29, 2018 @ 8:51 AM  

Appeal by the plaintiffs from summary judgment determining that the shares and assets of Chevron Canada were not eligible to satisfy the judgment debt of Chevron Corporation and from the costs award. The appellant obtained a judgment in Ecuador against Chevron Corporation for environmental pollution. Chevron Corporation was a public company with its head office in California. As Chevron Corporation had no assets in Ecuador, the appellants sought to enforce the judgment in the US. The US court found the judgment had been obtained due to...