Chevron suing Ecuador's government under international trade law

This is a discussion on Chevron suing Ecuador's government under international trade law within the International Trade Law forum, part of the International Law Issues category; Looking to Protect Itself in Longtime Battle, Oil Giant Seeks Aid Through Trade Pact Chevron Corp. is stepping up its ...

Consult Your Own Personal Lawyer Now!
Reply  POST NEW QUESTION

 

Thread Tools Search this Thread Rate Thread Display Modes
Old Sep 24th, 2009, 04:04 AM   #1
Forum Administrator
 
forum_admin's Avatar
 
Join Date: Jun 2007
Posts: 2,782

Default Chevron suing Ecuador's government under international trade law

Looking to Protect Itself in Longtime Battle, Oil Giant Seeks Aid Through Trade Pact

Chevron Corp. is stepping up its offensive in its long-running legal battle in Ecuador, suing Ecuador's government under international trade law.

Chevron is the defendant in a multibillion-dollar lawsuit that seeks to hold the company responsible for environmental damage allegedly caused by Texaco Inc., which Chevron bought in 2001. Chevron has denied the allegations.

Seeking to protect itself from what it says is likely to be an adverse ruling in Ecuador, the California-based oil giant said Wednesday it had filed suit under the terms of a 1997 trade pact between the U.S. and Ecuador. The suit amounts to a request for arbitration through a process set up by the United Nations Commission on International Trade Law to adjudicate disagreements.

The arbitration process is separate from the original lawsuit, which will continue. But under its pact with the U.S., Ecuador must accept the arbitrators' rulings as binding under international law.

Read more...

Chevron Files Suit Against Ecuador - WSJ.com
forum_admin is online now   Reply With Quote
Old Sep 24th, 2009, 04:05 AM   #2
Forum Administrator
 
forum_admin's Avatar
 
Join Date: Jun 2007
Posts: 2,782

Default Re: Chevron suing Ecuador's government under international trade law



Ecuadorean community leader Luis Yanza protests following a Chevron shareholders' meeting at the company's headquarters in San Ramon, Calif., last year. A lawsuit accuses Chevron of environmental damage in Ecuador.
forum_admin is online now   Reply With Quote

Did you find this post helpful? Yes | No
Reply

Bookmark & Share

Tags
arbitration process, environmental damage, trade pact

This thread has 1 reply and has been viewed 2334 times

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:


Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Format Your Messages
Add Forum to Google Toolbar
Forum Jump

Similar Threads

Thread Thread Starter Forum Replies Last Post
Chevron Holders Urge Company To Resolve Ecuador Litigation WSJ Law Blog International Law News 0 May 25th, 2011 07:10 PM
Chevron Fights to Keep John Keker Out of Ecuador Racketeering Case WSJ Law Blog Law News 0 Mar 7th, 2011 04:10 PM
Chevron penalty is $9.5 bln for cleanup in Ecuador (AFP) Yahoo! News International Law News 0 Feb 15th, 2011 05:30 PM
In Ecuador Case, Chevron Asks 2nd Circuit for Arbitration WSJ Law Blog International Law Issues 0 Aug 5th, 2010 07:50 PM
International Trade law and English law, Fob contracts/term Unregistered International Trade Law 0 Aug 8th, 2008 05:04 PM


Our lawyers can help you avoid foreclosure to salvage your home, buy time to pay mortgage debts, and resolve your financial troubles. Consult Your Own Personal Lawyer Now!


All times are GMT -5. The time now is 03:08 PM.