Ecuador: Arbitration Panel Slashed Chevron Damages Claim By 87%, Granting Oil Giant Only 13 ...


Ecuador: Arbitration Panel Slashed Chevron Damages Claim By 87%, Granting Oil Giant Only 13 Cents On The Dollar Award Fails to Offset Chevron's $18 Billion Liability in Ecuador   An international arbitration tribunal this week slashed a Chevron damage claim against Ecuador in a series of commercial disputes by 87%, granting the oil giant a paltry 13 cents on the dollar and failing to offset the company's $18 billion liability in a separate environmental case in the South American nation,...

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