Ecuador Claims Chevron Can't Pursue Claims

Law360, New York (September 18, 2007, 12:00 AM EDT) -- Ecuador has asked a federal court judge to toss its lawsuit against ChevronTexaco Corp., arguing that since the oil giant is barred from taking the country and its state-owned petrol company to arbitration, the judge no longer has jurisdiction in the case.

Since Ecuador chucked its remaining complaints in July, shortly after winning a permanent block on arbitration, a previous order stating that Chevron's counterclaims were allowed under an exception in the Foreign Sovereign Immunities Act is now moot, the state said Monday in a memorandum...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.