Chevron says Dutch Supreme Court rejects Ecuador’s $9.5 billion claim

FILE Photograph: A Chevron gas station sign is viewed in Del Mar, California, in this April 20 5, 2013 file image. REUTERS/Mike Blake

(Reuters) – The Supreme Court of the Netherlands dismissed Ecuador’s makes an attempt to annul selections of an intercontinental arbitral tribunal that bought Ecuador to lower enforcement of a $nine.five billion judgment to Chevron Corp wherever in the complete earth, the U.S. oil major explained on Tuesday.

Chevron explained the Dutch court’s willpower upholds rulings of two Dutch lower courts which turned down Ecuador’s makes an attempt to annul men and women awards.

“The Dutch supreme courtroom identified that the challenged arbitral awards are dependable with neighborhood prepare and justified to lower irreversible hurt to Chevron,” the business explained.

Earlier this thirty day period, the Supreme Court of Canada experienced dismissed claims hoping to tension Chevron’s Canadian product to shell out again the $nine.five billion judgment handed down in Ecuador to the business earlier mentioned air pollution in the Andean area.

Inhabitants of Ecuador’s Lago Agrio place have been hoping to tension Chevron to shell out again for h2o and soil contamination activated from 1964 to 1992 by Texaco, which Chevron received in 2001.

The villagers attained a judgment to Chevron in Ecuador in 2011.

The most recent willpower provides to various courtroom victories that Chevron has acquired to the plaintiffs and its authorized workforce in this circumstance.

Reporting by Philip George and Kanishka Singh in Bengaluru Boosting by Gopakumar Warrier

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