Enforcement Action Against UAE Debtor’s Alter Egos Should Proceed, Magistrate Says

Mealey's (December 16, 2022, 3:30 PM EST) -- NEW YORK — A New York federal magistrate judge recommended the denial of two motions to dismiss a petition to hold several United Arab Emirates (UAE) citizens and their company liable as alter egos for an arbitral award worth more than $95 million for an aircraft lease dispute, writing that parallel proceedings in Abu Dhabi and Dubai concern different issues....