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Artikel

30 Mär 2010

Autor:
Reuters

Chevron wins an Ecuador claim, awaits major ruling

Chevron…has won a three-year-old arbitration fight against Ecuador over a commercial dispute as it battles the country separately over an environmental claim against the company that could result in $27 billion in damages. An arbitration panel ruled…that Ecuador's courts violated international law by delaying rulings on commercial disputes between…[Chevron-owned Texaco]…and Ecuador's government… The arbitration panel…awarded the company $700 million… The panel found that Ecuador's courts had breached a trade treaty...by not ruling on the cases. It is the same treaty that Chevron is citing in its arbitration claim filed in September over alleged interference by the government in a blockbuster case brought by indigenous Ecuadoreans who accuse Texaco of damaging the environment and their health through its operations there...

Part of the following timelines

Chevron wins arbitration claim against Ecuador, awarded $700 million - awaits judgment on environmental lawsuit

Texaco/Chevron lawsuits (re Ecuador)