Arbitrator Upholds Chevron's Challenge Of $18.2B Ecuador Case

Law360, New York (February 28, 2012, 1:45 PM EST) -- An international arbitration tribunal on Monday handed Chevron Corp. a victory when it dismissed Ecuador's claims that the body doesn't have jurisdiction to intervene in the country's fight with Chevron Corp. over an $18.2 billion award for alleged environmental damage.

The Netherlands-based tribunal's ruling was the latest development in a years-long dispute that has flared up in courtrooms in three countries between energy companies, the Ecuadorean government, and thousands of people who say they and their Amazonian communities suffered massive environmental damage from oil extraction practices....
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