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Ecuadoreans Plan to Seize $106M in Chevron Assets

Amazon rainforest residents plan to seize the $106 million in Chevron's assets in Ecuador, their lawyers said Tuesday…If successful, the seizure will mark the first time that Amazon residents received a penny of the $9.5 billion environment judgment that an Ecuadorean court issued three years ago. Indigenous and farmer Ecuadoreans have been fighting for more than 20 years to hold Chevron liable for its predecessor Texaco's drilling in Lago Agrio…On Friday, a Dutch court affirmed a $106 million judgment that Chevron won against the Ecuadorean government over an unrelated international arbitration dispute. Steven Donziger, a New York-based attorney who helped lead the Amazon litigation, said Tuesday that his former clients have a valid claim on that award because Ecuador's Supreme Court affirmed the judgment last year…Chevron meanwhile doubted that the…Lago Agrio [plaintiffs] could seize the arbitral award…

Part of the following stories

Texaco/Chevron lawsuits (re Ecuador)

Ecuadorian oil pollution plaintiffs look to collect on judgment against Chevron via company's recent intl. arbitration award against Rep. of Ecuador

Chevron battles Ecuadorian oil pollution lawsuit in multiple countries