Panama Processes, S.A. v. Cities Service Co.
Supreme Court of Oklahoma
1Opinion of the Court
OPALA, Vice Chief Justice.
The appeal presents four issues for decision: [1] Did the district court err in recognizing a prior Brazilian declaratory judgment? [2] Does Brazilian law apply to the issue whether a majority stockholder owes a fiduciary duty to a minority stockholder? and if so [3] Does Brazil’s Civil Law system recognize that majority stockholders owe a fiduciary duty to minority stockholders? and [4] Does Brazilian law permit an individual stockholder’s suit against a majority stockholder for breach of a statutory duty? We answer the first, third and fourth questions in the…
2Cases cited99 opinions
- Allen v. McCurrySupreme Court of the United States · 1980
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- Hurtado v. CaliforniaSupreme Court of the United States · 1884
- Atlantic Coast Line Railroad v. Brotherhood of Locomotive EngineersSupreme Court of the United States · 1970
- Hilton v. GuyotSupreme Court of the United States · 1895
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