An UNCITRAL tribunal has ruled that a US$9.5 billion Ecuadorean court judgment that held Chevron liable for environmental contamination in the Amazon was procured through fraud and violated Ecuador’s obligations under international law.
In a 521-page partial award released today, a tribunal administered by the Permanent Court of Arbitration in The Hague unanimously upheld claims by Chevron and its subsidiary Texaco Petroleum that Ecuador committed a denial of justice under customary international law and the US-Ecuador bilateral investment treaty.
In this article:
