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Article

17 Dec 2013

Author:
Chevron

Chevron Corp. Statement on Canadian Court of Appeal Decision in Ecuador Enforcement Proceeding

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The Court of Appeal for Ontario has granted an appeal brought by a group of Ecuadorian plaintiffs. The decision affords the plaintiffs no substantive relief and merely allows the action to go forward…In granting the appeal, the Court…did not address whether the Ecuadorian judgment was procured by fraud or whether…[it] should be recognized or enforced at all against Chevron…or…Chevron Canada…Chevron…is evaluating…a possible appeal…If the Ecuadorian plaintiffs truly believed in the validity of the Ecuadorian judgment, they should seek enforcement in the United States, where Chevron…resides, rather than targeting assets of the company's subsidiaries…not parties to the Ecuadorian litigation…Chevron…presented overwhelming evidence that the Ecuadorian judgment is a product of fraud in a trial before a…[US] federal court…against the trial lawyers and consultants leading the litigation against the company…

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