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Chevron Turns Back A Challenge To A BIT Arbitral Award
I’ve previously written about the BIT arbitration between Chevron and Ecuador that Chevron commenced in September 2009. This is the arbitration in which the tribunal ordered Ecuador to take steps to suspend the effectiveness of the Lago Agrio judgment. But I don’t think I’ve yet written about an earlier BIT arbitration between Chevron and Ecuador……
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Thoughts On The Third Interim Award In the Chevron/Ecuador Case
As noted yesterday, the BIT arbitral tribunal has issued its third interim award. The basic decision is as follows: The tribunal has jurisdiction over Texaco Petroleum Co.’s claims, and the claims are admissible The tribunal has jurisdiction over Chevron’s “indirect investment” claims, that is, the claims Chevron brings as TexPet’s parent company, and those claims……
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Breaking: The BIT Tribunal Finds It Has Jurisdiction Over Chevron’s Claims Against Ecuador
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……
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Lago Agrio: A Quick Overview
Let’s take stock of where things stand in the Chevron/Ecuador saga. In this post, I try to review the main fronts of the battle, leaving subsidiary issues (such as the judicial assistance applications, which were what first got me interested in the case) to the side. Is the judgment final and conclusive in Ecuador? The……
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The Lago Agrio Plaintiffs Win Another Round (The Last?) In Ecuador
In a not-unexpected development, the Lago Agrio plaintiffs won the latest round in Ecuador’s courts. An appellate court rejected Chevron’s request to be excused from the ordinary requirement of posting a bond in order to suspend the operation of the lower court’s $18 billion judgment while it pursues its appeal. This is not a surprise,……