Lago Agrio: Supreme Court Denies Cert. In Chevron-Ecuador Arbitration
Posted on June 8, 2016
On Monday, the Supreme Court denied Ecuador’s petition for a writ of certiorari in the BIT arbitration brought by Chevron arising out of undue delay in the settlement of lawsuits TexPet (of which Chevron was a shareholder) had brought against Ecuador in the early 1990s.
As the US and Dutch Supreme Courts have now ruled, it seems to me that barring something extraordinary, the case is now over as a matter of Ecuador’s obligations under the BIT. There may still be an issue about Ecuadoran law, namely whether Ecuadoran law permits payment of the award and whether, under Ecuadoran law, the award must be paid to Chevron or else to the Lago Agrio plaintiffs. I will try to report on additional developments.