Piercing the Corporate Veil

Enforcement, Piercing the Corporate Veil, Sovereign Immunity, state-owned

(Jindal Global Law School) and / /Leave a comment

In May 2021, Cairn Energy PLC filed a lawsuit before a New York Court to enforce a USD 1.2 billion investor-State arbitral award against India passed by the Permanent Court of Arbitration. It sought, in particular, a proclamation that State-owned entity (SOE), Air India “should be held jointly and severally responsible for India’s debts, including…

Arbitration, Jurisdiction of the arbitral tribunal, Multiple parties, Piercing the Corporate Veil, Supreme Court, Third Party

(Gide Loyrette Nouel)/ /Leave a comment

and Benjamin Ainsley Gill When seeking to extend an arbitration clause to a third party who is not a signatory to the clause, common law practitioners will often have resort to an argument that the corporate veil should be pierced – in other words, that the court or tribunal should disregard the separate legal identity…