The Government requested to annul the arbitration award that rejected the multimillion dollar sanction on the oil company.
The District Court of The Hague rejected a new request from the Government of Ecuador to annul an arbitration award that rejected the multimillion-dollar conviction against the US oil company Chevron, for environmental damage in the Ecuadorian Amazon.
The Court rejected Ecuador’s request for annulment after considering that the Ecuadorian Justice ruling against Chevron was the product of alleged irregularities.
The document released by Chevron explains that the Dutch Court ratified the award of a court of the same jurisdiction issued in 2018, since it accepted the theory of an alleged fraud in the USD 9.5 billion judgment to which Chevron was sentenced in a court in Lago Agrio, for the serious damage in the Amazon.
“The parties agree on the fraudulent nature of the Lago Agrio sentence and the process in which it was handed down.”
In the same way, the Court indicated that the Arbitral Tribunal acted appropriately when making the award.
The court also established that the Ecuadorian judgment “is unenforceable under international law”, because the environmental accusations against the oil company were dismissed, since one of its subsidiaries carried out a reparation program in the Amazon region that operated between 1964 and 1990.
On the other hand, the Court assured that this latest ruling joins a series of judgments against the plaintiffs in courts of Argentina, Brazil, Canada, the United States and Gibraltar.
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