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Lago Agrio: Dutch Appeals Court Affirms Denial of Annulment – Letter Blogatory

Date: Jul 31, 2017

The Court of Appeals of the Hague has affirmed a lower court decision decision refusing to set aside the interim awards Chevron had won against Ecuador in the investment treaty arbitration. The main questions before the lower court were, first, whether Chevron or Texaco had an “investment” in Ecuador for purposes of the BIT, and, second, whether the awards were against public policy to the extent they sought to force Ecuador to suspend the operation of the Lago Agrio judgment, contrary (Ecuador said) to Ecuadoran law. Read more>>