Law360, New York (September 26, 2014, 4:59 PM EDT) -- The Dutch high court on Friday upheld an appellate court judgment rejecting Ecuador's attempt to escape a $106 million arbitration award against it in its fight with Chevron Corp., finding the country's investment treaty with the U.S. prevents it from disputing the judgment.
The country's Supreme Court ruled in favor of Chevron and its affiliates, Texaco Petroleum Co., and upheld the result of arbitration proceedings in The Hague stemming from Chevron's oil extraction and exploitation concession agreement in the country, which Ecuador allegedly breached. Ecuador had argued in return that Chevron polluted the area.
After the arbitration proceedings led to judgment...
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