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PCA Holds Ecuadorian Ruling ‘Grossly Violated’ Chevron’s Procedural Rights

Mealey's (September 13, 2018, 3:03 PM EDT) -- THE HAGUE, Netherlands — After determining that a $9.5 billion judgment issued in an environmental lawsuit in Ecuador was contrary to international public policy and violated the procedural rights of Chevron Corp. and Texaco Petroleum Corp., a tribunal for the Permanent Court of Arbitration (PCA) on Aug. 30 issued an award in their favor and against the Republic of Ecuador, holding that the award should not be enforced anywhere (Chevron Corporation, et al. v. The Republic of Ecuador, No. 2009-23, PCA).

(Award available.  Document #05-180925-010A.)...
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