Foreign Suits Don’t Bar Venue In N.Y. To Enforce $1.3B Award Against ‘Alter Ego’

Mealey's (September 20, 2022, 1:06 PM EDT) -- NEW YORK — A New York federal judge on Sept. 19 declined to dismiss or stay a U.S. company’s action to enforce a more than $1.3 billion arbitral award against the Belgian parent company and alleged alter ego of the award-debtor by garnishing its notes, with the judge citing the parent’s “strategy of evasion” in rejecting its forum non conveniens defense based on parallel litigation in two other nations between the parties....