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Lago Agrio: ICC Prosecutor Rejects LAPs’ Complaint
In October 2014 I noted a complaint the LAPs submitted to the prosecutor of the International Criminal Court asking her to begin an investigation with an eye toward bringing charges against Chevron. As I noted at the time, “It would be very surprising to me if the LAPs’ claims have merit.”
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Lago Agrio: The Dissent
Readers, I erroneously reported that one of the three arbitrators, Dr. Horacio A. Grigera Naón, had dissented without an opinion. In fact, he did write a brief note of dissent, which I simply hadn’t seen. I’m not going to review it in depth: in the main, the disagreement concerns how to interpret the earlier Ecuadoran……
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Lago Agrio: Ecuador Wins A Round In The Investment Treaty Arbitration
Ecuador had a win yesterday in its investment treaty arbitration with Chevron. The tribunal issued its decision on track 1B of the case.
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Case of the Day: NYKCool v. Pacific International Services
The case of the day is NYKCool A.B. v. Pacific International Services, Inc. (S.D.N.Y. 2015). NYKCool had a arbitration award for $8.7 million against Pacific Fruit Inc. and Kelso Enterprises. More than $6 million of the award was unsatisfied. It brought an action to pierce the corporate veil against Álvaro Fernando Noboa Pontón, the companies’……
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Ambassador Cely Prepares to Return to Ecuador
Ambassador Nathalie Cely Suárez, Ecuador’s ambassador to Washington since 2012, will soon be returning to Ecuador to join President Correa’s cabinet. Her new portfolio will include tourism, trade, industry, labor, agriculture, and infrastructure. I haven’t seen an announcement about her successor as ambassador.