A long-running dispute between Chevron and Ecuador appears to have reached its end after the Supreme Court declined to take up Ecuador’s question of whether United States courts had jurisdiction to confirm a $96 million...more
7/1/2016
/ Arbitration ,
Arbitration Awards ,
Bilateral Investment Treaties ,
Chevron ,
Ecuador ,
Energy Sector ,
Foreign Sovereign Immunities Act of 1976 (FSIA) ,
Jurisdiction ,
Oil & Gas ,
Petition for Writ of Certiorari ,
Tribunals
The District Court of the Hague overturned a record $50 billion in damages awards issued by the Permanent Court of Arbitration (“PCA”), to the former controlling shareholders of the Yukos Oil Company on the grounds that...more