Chevron has won another battle in its fight against a $9.5 billion claim brought against the US supermajor by the government of Ecuador in what has been a years-long struggle between the feuding parties over claims of environmental damage.
The District Court of The Hague in the Netherlands on Wednesday upheld a 2018 ruling from an international tribunal that sided with the San Ramon, California-based oil giant and against the Quito administration.
Wednesday’s unanimous award upheld the earlier arbitral award in full. The 2018 arbitral award had found that the earlier $9.5 billion judgment against Chevron was fraudulent.
To read the full article on Upstream, click here.