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Ecuador Political News

Judge rules in favor of Latina and grants action to stop the contracting of Petroecuador’s insurance

A judge ruled last Friday, November 27, 2020, in favor of the private insurer Latina , which requested a protection action to stop the contracting of Petroecuador’s insurance.

The information was confirmed by the communication area of ​​the company, which indicated that it is preparing a press release on the scope of the sentence.

In the bidding process that Petroecuador opened in September 2020, three insurers were presented: Sucre , Latina and Hispana.

Advertisement Petroecuador announced two weeks ago that the winning company is Hispanic and that it would sign the contract in the next few days. The decision was made despite the fact that it was the highest bid in the contest . In fact, page 52 of the contest rules indicates that: “the lower the offer, the higher the score,” which was not the case, according to Latina

To read the full story on El Comercio, click here.



#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars.

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