abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

7 Sep 2018

Author:
Sara Randazzo, Wall Street Journal

Tribunal Condemns Ecuador’s $9.5 Billion Ruling Against Chevron

An international tribunal found the Republic of Ecuador violated a treaty with the U.S. by allowing its court system to issue a $9.5 billion judgment against Chevron Corp. in an environmental case.  The Friday ruling by the international arbitration court in The Hague further bolsters Chevron’s campaign to invalidate the massive 2011 Ecuadorean judgment, which sought to hold the energy giant responsible for environmental damage in an Amazonian village.  The tribunal...concluded...that the Ecuadorean case was tainted by fraud and corruption and that the $9.5 billion judgment can’t be enforced...Ecuador Attorney General Inigo Salvador Crespo said an international arbitration against the country should not have been used to interfere with the dispute between Chevron and the indigenous plaintiffs...The tribunal noted in its analysis that it couldn’t prevent individual plaintiffs from continuing to pursue their claims...[T]he tribunal found that by allowing the judgment to stand, Ecuador “wrongfully committed a denial of justice” under international law.  The panel said the ruling wasn’t an indictment on the entirety of the Ecuadorean legal system, but focused on the corruption of a single judge...

Timeline

Privacy information

This site uses cookies and other web storage technologies. You can set your privacy choices below. Changes will take effect immediately.

For more information on our use of web storage, please refer to our Data Usage and Cookies Policy

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Analytics cookie

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

Your privacy choices for this site

This site uses cookies and other web storage technologies to enhance your experience beyond necessary core functionality.