International Arbitration Court Awards Chevron $700 Million In Dispute With Ecuador

THE HAGUE, Netherlands — (Mealey’s) The Permanent Court of Arbitration on March 30 issued a partial arbitration award of $700 million for Chevron Corp. and Texaco Petroleum Co. (TexPet), finding that the courts of Ecuador violated international law by delaying ruling on various disputes between...

Permanent Court of Arbitration Issues Award For Investors In Yukos, Orders Russia To Pay $50 Billion

THE HAGUE, Netherlands — (Mealey’s) A tribunal for the Permanent Court of Arbitration yesterday announced that it has issued awards in three arbitration cases filed against the Russian Federation in relation to investments made in OAO Yukos Oil Co. (Yukos), awarding the investors more than...