On Feb. 16, Chevron Corp. won an arbitral award neutralizing the $18 billion Ecuadorian judgment now on appeal in that country — only to have an Ecuadorian court defy the arbitrators the next day. After holding emergency hearings over the prior weekend, three international arbitrators sitting under the auspices of the Permanent Court of Arbitration issued an interim order, directing the Republic of Ecuador (including its judicial branch) not to certify the $18 billion judgment for enforcement.
Chevron is betting heavily on this arbitration, and on its arbitral counsel at King & Spalding, to limit its exposure now that the U.S. Court of Appeals for the 2d Circuit has held that U.S. courts can’t enjoin the enforcement of this award.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
