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Case of the Day: Hyundai Securities v. Lee
The case of the day is Hyundai Securities Co. v. Lee (Cal. Ct. App. 2015). Lee was the CEO of Hyundai Securities from 1996 to 2000. Several Hyundai shareholders brought a shareholder derivative action against Lee in the Seoul Southern District Court, claiming that Lee was guilty of securities fraud. Lee appeared and defended. The……
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Case of the Day: Assoun v. Assoun
The case of the day is Assoun v. Assoun (S.D.N.Y. 2015). The parties, Yan Assoun and Anais Assoun, were former spouses who lived in England after their divorce. Anais petitioned the High Court in London to increase the amount of child support and spousal support Yan was required to pay. The court granted the petition……
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Case of the Day: WooshinmtCo v. Fu Sheng Optoelectronics
I have a guest post today from Ivy Chen (陈盛兰), a law student the Peking University School of Transnational Law, on a recent decision of the Supreme People’s Court of China. Welcome, Ivy! I don’t claim to be able to evaluate this decision. It would be interesting to get a real comparative view of this.……
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Case of the Day: Flame S.A. v. Industrial Carriers, Inc.
The case of the day is Flame S.A. v. Industrial Carriers, Inc. (E.D. Va. 2014). This is the same case I wrote about on August 8, 2014. In the prior post, the issue was recognition of an English judgment Flame, a Swiss shipping and trading company, had obtained against Industrial Carriers for breach of a……
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Case of the Day: Stichting Shell Pensionenfonds v. Krys
The case of the day is Stichting Shell Pensionenfonds v. Krys [2014] UKPC 41. Shell, a Dutch pension fund, had invested in shares of Fairfield Sentry Ltd., a BVI mutual fund and the largest “feeder fund” for Bernard L. Madoff Investment Securities LLC, which needs no introduction. After Madoff’s arrest, Shell immediately sought to redeem……