Breaking: Lago Agrio Plaintiffs to Seek Recognition and Enforcement in Argentina
Posted on October 31, 2012
Reuters is reporting that the Lago Agrio plaintiffs plan to seek recognition and enforcement of their Ecuadoran judgment in an Argentine court. No details as yet—stay tuned!
This new action, if it is filed, raises the possibility of Letters Blogatory worlds colliding: I have been covering the Argentina sovereign debt cases as well as the Lago Agrio case. It will be interesting to see how Chevron plays this if things start to go badly for it in Argentina. Is there the potential for a BIT claim? Is there some other pressure Chevron can bring to bear on Argentina, as it has with Ecuador before the US Trade Representative?