Dutch Court Rules in Favor of Chevron in Ecuador Dispute
April 15 2019 - 7:44PM
Dow Jones News
By Josh Beckerman
Chevron Corp. (CVX) said the Supreme Court of the Netherlands
ruled in favor of the company in its dispute with Ecuador about a
$9.5 billion judgment in an environmental case.
Last week, Canada's highest court ruled in favor of Chevron. In
September, an international arbitration court in The Hague found
Ecuador violated a treaty with the U.S. by allowing its court
system to issue the $9.5 billion judgment.
According to Chevron, the Dutch court rejected Ecuador's
argument that the awards should be annulled because they violated
Ecuador's sovereignty and the rights of the plaintiffs.
Chevron, which has never operated in Ecuador, inherited the case
when it bought Texaco in 2001. The 2011 judgment sought to hold
Chevron responsible for environmental damage in an Amazonian
village.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 15, 2019 19:29 ET (23:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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