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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,……
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Two Wins For Chevron
After some significant defeats, Chevron had a significant victory this week. The arbitral tribunal hearing Chevron’s claim against Ecuador under the US/Ecuador bilateral investment treaty again ordered Ecuador to “take all measures necessary to suspend or cause to be suspended the enforcement and recognition within and without Ecuador of the judgments” the Ecuadoran courts issued……
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Breaking: Arbitral Panel Issues New Order In Favor Of Chevron
[UPDATE: I have a full post up on this here]. Published reports say that the tribunal considering Chevron’s claims against Ecuador under the US/Ecuador bilateral investment treaty has issued a new order in favor of Chevron. It’s not precisely clear what relief has been ordered, or how the order differs from the earlier interim award.……
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Criticisms of the Chevron/Ecuador BIT Arbitration
Third-Party Letters Criticizing the BIT Arbitration Several letters were made public in recent days criticizing the arbitration between Ecuador and Chevron under the US/Ecuador bilateral investment treaty. Here are the letters I’m aware of. Letters Addressed to Secretary-General Ban Letter from José Daniel Amado. Mr. Amado is a Peruvian lawyer. Letter from the Comisión Andina……