Another Blow to Investor Confidence and the Rule of Law in Ecuador – U.S. Chamber of Commerce
Date: May 8, 2015
Perhaps the best example of Ecuador’s poor legal climate is an $18 billion judgment that was rendered against Chevron in 2011 by a court in Lago Agrio, Ecuador, for alleged contamination resulting from crude oil production in the region. This ruling came in spite of the fact that Ecuador’s government attested a decade before that the company’s environmental remediation was satisfactory; yet, the country’s courts continue to provide U.S. trial lawyers with a forum for grandstanding. Read more>>
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