Beyond Aid – Oil Justice
This blog post discusses the Global Lawyer piece which talks about the Chevron Ecuador case and how arbitrators may order Ecuador to make Chevron whole for $18 billion:
The American Lawyer’s Michael Goldhaber predicts that American oil giant Chevron will come out on top in the decades-long battle over up to $18 billion in compensation for environmental damage in Ecuador.
“The moment that the arbitrators order Ecuador to make Chevron whole for $18 billion, all of the case dynamics are turned upside down. Suddenly Ecuador’s interests are no longer aligned with the plaintiffs. Suddenly, it is Ecuador and Chevron who share a common interest. And that interest is in dismissing the case, or vastly reducing the verdict.”