D'ANGELO v. Petroleos Mexicanos

TAYLOR, Judge:

This action was brought in the Court of Chancery for an accounting for oil royalty and participation interests from oil wells in Mexico. Plaintiff is the receiver of a dissolved Delaware corporation. Defendant is asserted to be a “decentralized institution pertaining to the Republic of Mexico”. Plaintiff undertook to obtain jurisdiction over defendant by sequestering monies due defendant from certain Delaware corporations. Defendant appeared solely for the purpose of challenging the jurisdiction of the Court, contending that the sequestration did not satisfy Delaware law, that…