WASHINGTON (AP) — A federal appeals court has upheld a $96 million arbitration award to Chevron Corp. stemming from a 1990s-era oil contract dispute with the government of Ecuador.
The U.S. Court of Appeals for the District of Columbia Circuit on Tuesday rejected Ecuador’s challenge to the 2011 award from the Netherlands-based international arbitration panel.
The dispute centers on seven contracts that Texaco Petroleum Inc. had with Ecuador in 1991-93. Chevron bought Texaco in 2001.
Chevron claimed that Ecuador had violated provisions of a 1997 investment treaty by failing to resolve lawsuits in a timely fashion. The appeals court agreed with a 2013 ruling from a federal district judge that sided with Chevron.
- Posted August 07, 2015
- Tweet This | Share on Facebook
Court upholds $96M award to Chevron in dispute with Ecuador
headlines Macomb
headlines National
- Millions of Americans continue to lack meaningful access to justice. What can be done about it?
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Federal judge hands down $110K penalty against 2 lawyers for AI errors in court documents
- Former adult film actress passes February bar exam in Texas
- Grad sues George Washington University, Ernst & Young after Gaza ‘genocide’ remarks in commencement speech
- Magicians Penn & Teller file Supreme Court brief questioning use of ‘investigative hypnosis’
