Chevron Looks To Reinstate PetroEcuador Arbitration

Law360, New York (September 28, 2008, 12:00 AM EDT) -- An attorney for Chevron Corp. argued Monday that Ecuador and its state-owned oil company are bound by a 1965 joint operating agreement and therefore liable for cleanup costs in the Amazon Rainforest that could potentially total billions of dollars.

Thomas Cullen, a partner with Jones Day, told a three-judge panel of the U.S. Court of Appeals for the Second Circuit that even though PetroEcuador never signed the agreement in question, it relied upon the agreement during a 17-year period in which the two entities operated oil...
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