Chevron's Views
And Opinions On
The Ecuador Lawsuit.

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

Date: Nov 28, 2020

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.