Another Successful Veil Piercing Against Non-U.S. National For U.S. Judgment

We have posted recently on the New York law on piercing the corporate veil, since New York law continues to be the central law one sees in international litigations in the U.S., and veil piercing could be expected to be a particularly challenging and important issue in connection with non-U.S. nationals or entities. See for example, our discussion of false conflicts in the context of a veil piercing proceeding, and our treatment of whether veil piercing was the correct procedure to enforce an arbitral award (it was, but the claim lost on the merits).

In another ruling, the Southern District of New York decided the case styled Ridge Clearing & Outsourcing Solutions, Inc. v. Khashoggi, 07 Civ. 6611(RJH)(S.D.N.Y. 2011), the Court articulated and applied New York's veil piercing against Adnan Khashoggi, a national of the Kingdom of Saudi Arabia, in the context of claims for stock purchase and delivery transactions gone awry. The decision is post-trial; the plaintiffs