Lawsuit seeking collection of multimillion-dollar debt. Estudio Olaechea is advising Genomma—a major distributor of beauty and health products in the United States and Latin America—in collecting an outstanding multimillion-dollar debt from Mr. Carlos Carruitero—a Peruvian businessman. The counterparty, on behalf of his company Venus America Corporation, caused the significant economic damages claimed by our client.
Motion to disregard legal entity granted by New York Court: The lawsuit was initially filed in the US against Venus America Corporation, seeking substantial compensation for damages resulting from improper advertising services. A request was made to pierce the corporate veil to access the assets of the company’s owner, which the New York Court granted.
Highly significant case due to large debt amount involved: This case is significant due to the large amount involved, which is critical for our client. Additionally, the counterparty has taken various actions to hinder debt collection in the United States, leaving only his assets in Peru available for settling the outstanding debt.
Latest development: We have recently requested liens on real estate and aircraft owned by the defendant to secure the collection of our client’s debt. We continue to assist the client in this matter.
