New York Court Rejects Alter Ego Argument, Shields PDV Holding from PDVSA’s Debt Accountability
Breaking away from the trend that has dominated other U.S. courts in recent years, the New York Court dismissed the alter ego theory to hold PDV Holding liable for PDVSA’s debts. Judge Jed S. Rakoff… New York Court Rejects Alter Ego Argument, Shields PDV Holding from PDVSA’s Debt Accountability