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Dow Jones – International Panel Orders Ecuador To Temporarily Suspend Any Ruling Against Chevron

Date: Feb 14, 2011

Order by international arbitration panel follows New York Federal judge’s granting of temporary restraining order against the collection of any judgment against Chevron in Ecuador:

An international arbitration panel ordered Ecuador to temporarily suspend the enforcement of any potential judgments against Chevron ( CVX) in a pending multibillion environmental lawsuit the oil giant faces in the Andean country.

According to documents posted on Chevron’s website, arbitrators presiding in the Permanent Court for Arbitration in The Hague ordered Ecuador on Wednesday ” to take all measures at its disposal to suspend or cause to be suspended the enforcement or recognition within and without Ecuador of any judgment against” Chevron.

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