Judge Refuses To Dismiss Action Seeking Judgment Against Zimbabwean Entities

Judge Refuses To Dismiss Action Seeking Judgment Against Zimbabwean Entities

NEW YORK - A New York federal judge on Nov. 15 refused to dismiss a group of investors' petition that sought a declaratory judgment that various commercial entities are the alter egos of the Republic of Zimbabwe, finding that discovery in the case has started and that the dismissal is not appropriate at the present time (Bernardus Henricus Funnekotter, et al. v. Agricultural Development Bank of Zimbabwe, et al., No. 13-1917, S.D. N.Y.; 2013 U.S. Dist. LEXIS 164496).

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