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Ecuador Loses Bid for Review of $96 Million Chevron Award – Bloomberg BNA

Date: Jun 8, 2016

Ecuador lost its bid to have the Supreme Court revive its challenge to a $96 million international arbitration award—$106 million with interest—in favor of energy giant Chevron Inc. ( Ecuador v. Chevron Corp., 2016 BL 179029, U.S., No. 15-1088, cert. denied 6/6/16 ). The Supreme Court declined to hear the appeal, leaving in place a lower court’s order confirming the award, which concerned a deal to develop oil fields in the Amazon region, according to the high court’s June 6 order. Read more>>