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Corporate Veil Preserved: Court Dismisses Action Against Canadian Subsidiary in Chevron Case – JD Supra

Date: Jan 31, 2017

On January 20, 2017, in Yaiguaje v. Chevron Corporation, the Ontario Superior Court of Justice (Commercial List) (Court) dismissed the plaintiffs’ action to execute against the shares and assets of Chevron Canada Limited (Chevron Canada) in satisfaction of a judgment of a foreign court. In doing so, the Court reaffirmed principles of corporate separateness and confirmed the high threshold that must be met in order to pierce the corporate veil. Read more>>