Ecuadorian Banks Must Adopt Official Electronic Currency or Else – PanAm Post

While companies worldwide are embracing the rise of decentralized cryptocurrency bitcoin, Ecuadorian officials have chosen to make local banks adopt a home-grown state digital currency — whether they like it or not. The nation’s central bank has given them 360 days to get on board, with a mandate in Resolution 064-2015-M, released on May 25 in the official register. Read more>>

Ecuadorian Newspaper Still Fined for Nothing – PanAm Post

Ecuadorian daily La Hora will have to pay a US$3,500 fine imposed by the Superintendency of Communications (SuperCom) for failing to cover a …

Chevron Update – National Review

Forensic Analysis Confirms Donziger and Associates Ghostwrote the Lago Agrio Judgment

Brazilian Prosecutor Dismisses Ecuador’s Chevron Ruling – PanAm Post

A Brazilian prosecutor recommended on Monday that judicial authorities to refuse to enforce a US$9.5 billion compensation ruling issued by an Ecuadorian court in 2011 against US-based oil company Chevron. Read more>>

Senior Brazilian Official Backs Chevron in Oil Pollution Case – Bloomberg

Prosecutor recommends that Brazilian courts reject $9.5 billion Ecuadorian contamination judgment. Read more>>

Five Irrefutable Truths About the Fraudulent Lawsuit Against Chevron in Ecuador – Huffington Post

Last year Steven Donziger was found by a U.S. federal court to have violated federal racketeering laws, committing mail and wire fraud, money laundering, witness tampering and obstruction of justice. Despite the U.S. court finding that the $9.5 billion Ecuadorian judgment against Chevron is the product of fraud, bribery and extortion, Donziger and his team continue to repeat their distortions about the case hoping that their lies will become the truth. Unfortunately for Mr. Donziger, his associates and his few remaining supporters, the truth in this case has been proved and is undeniable. Read more>>

Will Ecuador’s Paid Protesters Get a Raise This Year?

Spring is here and, true to form, paid protestors are gearing up for another season of state-sponsored activism and judicial intimidation. The few remaining supporters of the “legal fraud of the century” have already begun a year of manufactured campaigns against Chevron, paid for by the government of Ecuador. Read more>>

Ecuador’s president stops motorcade to bully finger-flipping teen – Fusion

Ecuador’s notoriously thin-skinned president took his hypersensitivity to the next level last week when he abruptly ordered his motorcade to halt in the middle of the street to berate a teenager for mocking him from the sidewalk. Read more>>

Another Blow to Investor Confidence and the Rule of Law in Ecuador – U.S. Chamber of Commerce

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>>

Kobre & Kim wins again in Chevron Ecuador fraud claims in attack on litigation funders – The Lawyer

Kobre & Kim has won a third settlement against a litigation funding company for its client Chevron in the energy giant’s mammoth lawsuit with Ecuador over a fraudulent judgment relating to oil waste in the Amazon. Read more>>

Litigation Finance Takes Another Hit in Chevron Pollution Case – Bloomberg

A British-based litigation-finance firm has pulled out of a controversial oil pollution case against Chevron, again raising questions about a new market in which outside investors seek to share in lawsuit recoveries. Read more>>