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Business Law Appellate Court Opinion

by Roy, Christopher


AC38515, AC38516 - Deutsche Bank AG v. Sebastian Holdings, Inc. (Enforcing Foreign Judgment; "These appeals arise from an action to recover an approximately $243 million judgment (English judgment) rendered by the Queen’s Bench Division of the High Court of Justice of England and Wales (English court) in an action captioned Deutsche Bank AG v. Sebastian Holdings, Inc. (English action) in which the trial court rendered judgment in favor of the plaintiff, Deutsche Bank AG, against the corporate defendant, Sebastian Holdings, Inc. (Sebastian). In the present action, the plaintiff sought to pierce Sebastian’s corporate veil and to enforce the English judgment against the individual defendant, Alexander Vik. The defendants and the plaintiff moved for summary judgment based on the doctrines of res judicata and collateral estoppel, respectively. On appeal, the parties claim that the trial court improperly denied their respective motions for summary judgment. We affirm the judgment of the trial court.")