Breaking: The BIT Tribunal Finds It Has Jurisdiction Over Chevron’s Claims Against Ecuador
Ted Folkman
Posted on February 28, 2012
Chevron won another victory in its arbitration against Ecuador under the US/Ecuador bilateral investment treaty yesterday. In a lengthy decision, the tribunal, comprised of one arbitrator appointed by Chevron, one arbitrator appointed by Ecuador, and a president appointed by the Secretary-General of the Permanent Court of Arbitration, unanimously ruled that it had jurisdiction to consider Chevron’s claims on the merits. I will have more on this tomorrow. For now, have a look at the award, which is available on Chevron’s website.
Tagged: arbitration, BIT, Ecuador, Lago Agrio