Ecuador Pays Chevron $112 Arbitration Award

July 22, 2016 11:15 PM

22 0

Ecuador has paid a $112 million arbitration award to Chevron Corp stemming from a 1990s-era oil contract dispute.

The payment confirmed Friday by a company spokesman was ordered in 2011 by a Netherland-based international arbitration panel and later confirmed by U.S. courts and upheld on appeal by the Supreme Court.

Read more

To category page