Inside The 2nd Circ. Stance In Naranjo And Figueiredo
February 10, 2012, 1:50 PM EST
Law360, New York (February 10, 2012, 1:50 PM EST) -- On Jan. 26, 2012, the U.S. Court of Appeals for the Second Circuit issued its long-anticipated ruling in Chevron Corp. v. Naranjo, in which it previously vacated an anti-enforcement judgment prohibiting a group of Ecuadorian plaintiffs from seeking to enforce an $18 billion judgment anywhere outside of Ecuador.
The Second Circuit’s decision in Chevron comes just over a month after its equally significant ruling in Figueiredo v. Republic of Peru, in which the court ordered a proceeding brought under the Inter-American Convention on International Commercial Arbitration...