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Lago Agrio: Ecuador Pays Arbitral Award
Reuters is reporting that Ecuador has paid Chevron the $96 million awarded in a treaty arbitration ($112 million with interest). I’ve written several posts about this award and its aftermath. You may want to review my post on the DC Circuit’s decision affirming confirmation of the award and my post on the Hoge Raad’s decision……
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FRCP: Minor Amendment to Rule 4
The Supreme Court has adopted an amendment to FRCP 4(m) that will take effect on December 1, absent action by Congress. Here is the text of the amendment, showing the added and deleted text:
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Lago Agrio: Supreme Court Denies Cert. In Chevron-Ecuador Arbitration
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.
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The Judgments Convention: In America’s Interest
President Obama gave a speech last week at the Air Force Academy that reminded listeners of the importance of treaties in the national interest. In addition to remarks about well-known treaties in areas like defense and the law of the sea, he had this to say about lesser-known treaties that help facilitate everyday life and……