Sunday, January 18, 2015

Republic of Ecuador v Chevron Corporation and Texaco Petroleum Company


The Dutch Supreme Court upheld a Hague Court of Appeal ruling from last year that found the arbitrators did not exceed their jurisdiction by compensating Chevron for delays in the Ecuadorean court system. An UNCITRAL tribunal at the PCA Hague issued US$96 million award in favour of US oil company Chevron against Ecuador in 2011. See GAR note.

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