2nd Circ. Greenlights Chevron, Ecuador Arbitration

Law360, New York (March 17, 2011, 2:42 PM EDT) -- The Second Circuit affirmed Thursday that Chevron Corp. could proceed with an international arbitration dispute with Ecuador stemming from a high-profile case over pollution in the Amazon rain forest.

In that case, a court in Lago Agrio, Ecuador, recently slapped Chevron with an $8.6 billion judgment, plus another 10 percent of that amount in attorneys' fees. But the oil giant is arguing in the arbitration proceedings that a previous settlement agreement with Ecuador releases it from liability, and that Ecuador has violated the company's right to...
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