Home / World / Chevron says Dutch Supreme Court rejects Ecuador’s $9.5 billion claim

Chevron says Dutch Supreme Court rejects Ecuador’s $9.5 billion claim


FILE PHOTO: In this file photo of April 25, 2013, there is a sign for the Chevron service station in Del Mar, California. REUTERS / Mike Blake

(Reuters) – The Supreme Court of the Netherlands dismissed Ecuador's attempts to nullify the decisions of an international arbitral tribunal that ordered Ecuador to prevent a $ 9.5 billion judgment against Chevron Corp anywhere in the world, said on Tuesday the American oil commander.

Chevron said the decision of the Dutch court confirms the sentences of two lower Dutch courts that rejected Ecuador's attempts to nullify those awards.

"The Dutch Supreme Court ruled that the contested arbitral awards are consistent with public policy and justified to avoid irreversible damage to Chevron," the company said.

Earlier this month, the Supreme Court of Canada had dismissed the claims that were trying to force the Canadian unit of Chevron to pay the $ 9.5 billion sentence handed down in Ecuador against the company for the pollution in the Andean country.

Residents of the Ecuadorian region of Lago Agrio have been trying to force Chevron to pay for the contamination of water and soil caused between 1964 and 1992 by Texaco, which Chevron acquired in 2001.

The villagers obtained a judgment against Chevron in Ecuador in 2011.

The latest decision adds to several legal victories that Chevron has won against the plaintiffs and their legal team in this case.

Report of Philip George and Kanishka Singh in Bengaluru; Edited by Gopakumar Warrier

Our Rules:The principles of trust of Thomson Reuters.
Source link