Reverse Veil-Piercing Ruling Will Help Judgment Creditors

Wed Apr 24 02:03:46 PDT 2024

Reverse Veil-Piercing Ruling Will Help Judgment Creditors
<https://www.law360.com/banking/articles/1824999?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-04-24&read_main=1&nlsidx=0&nlaidx=11>

A New York federal court’s recent decision in Citibank v. Aralpa Holdings,
finding two corporate entities liable for a judgment issued against a
Mexican businessman, shows the value of reverse veil piercing as a remedy
for judgment creditors to go after sophisticated debtors who squirrel away
assets, says Gabe Bluestone at Omni Bridgeway.

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<https://www.law360.com/banking/articles/1824999?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-04-24&read_more=1&nlsidx=0&nlaidx=11>
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