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2 Mär 2012

Eduardo Garcia, Reuters

Ecuador plaintiffs eye Chevron assets in Venezuela, Panama [Ecuador]

The legal team representing Ecuadorean plaintiffs who won an $18 billion landmark case against oil giant Chevron for polluting the Amazon jungle will target the company's assets in Panama and Venezuela in a bid to collect the award. Pablo Fajardo, the plaintiffs lead lawyer…[said] they would first need countries outside Ecuador to recognize the validity of the sentence, and then could try to enforce the ruling there…When asked if they will try to confiscate Chevron assets in those two countries the lawyer said his team has not yet decided how they will proceed…"I can't comment on any specific country, but I can assure you that Chevron will go to any court, in any country of the world to combat this fraud. It will place before any and all courts the overwhelming evidence of the plaintiffs' illicit and unethical conduct," Chevron spokesman James [said]...