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Artículo

21 Feb 2012

Autor:
Jessica M. Karmasek, Legal Newsline

Ecuadorian court rejects Chevron's request for bond waiver

A three-judge appellate panel in Ecuador ruled Friday that Chevron Corp.'s request for a special bond waiver has no basis in Ecuadorian law. In a ruling last month, a panel of three temporary judges in the Provincial Court of Justice…upheld the $18 billion judgment against the company for its alleged contamination of the country's rain forest…The appellate court has the discretion to set a bond before sending the case to the National Court of Justice. However, the company must request the bond as a way to suspend enforcement of the judgment pending further appeal…Instead of requesting the bond, the company requested an unprecedented waiver of the bond requirement...In its…decision, the appellate court said seeking a bond is "the only established legal mechanism to give litigants in Ecuador the opportunity to suspend execution of a judgment." [also refers to Texaco (part of Chevron)]

Parte de las siguientes historias

International arbitration panel reinforces order against Ecuador to suspend enforcement of damages award against Chevron in oil pollution lawsuit

Perfil de las demandas judiciales contra Chevron/Texaco por actividades en Ecuador