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
- Macomb County Meals on Wheels in urgent need of volunteers ahead of holiday season
- MDHHS hosting three, free virtual baby showers in November and December for new or expecting families
- MDHHS secures nearly 100 new juvenile justice placements through partnerships with local communities and providers
- MDHHS seeking proposals for student internship stipend program to enhance behavioral health workforce
- ABA webinar November 30 to explore the state of civil legal aid in America
headlines National
- This LA lawyer levels up legal protections in the video game industry
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Legal champions to receive Spirit of Excellence Award at 2026 ABA Midyear Meeting
- Fake Sullivan & Cromwell entities used by scammers should be dissolved, suit says
- Hackers gained access to ‘small number’ of attorney emails at Williams & Connolly, firm confirms
- Before joining Anderson Kill, judge was accused of rude behavior on bench, retaliatory threats in ethics case
