D.C. Circuit Affirms $96 Million Award In Favor Of Chevron

Mealey's (August 5, 2015, 12:13 PM EDT) -- WASHINGTON, D.C. — After finding that all of the arguments against confirmation of a $96 million arbitration award asserted by the Republic of Ecuador failed, the District of Columbia Circuit U.S. Court of Appeals on Aug. 4 affirmed a district court's order confirming the award in favor of Chevron Corp. (Chevron Corporation, et al. v. The Republic of Ecuador, No. 13-7103, D.C. Cir.; 2015 U.S. App. LEXIS 13528).

(Opinion available. Document #05-150825-010Z.)

Oil Reserves

On July 27, 2012, Chevron Corp. and Texaco Petroleum Co. (collectively, Chevron)...
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